The Arbor Residences is under new management. The five-story venture originally broke ground in 2017, offering 52 units. However, due to delays and financial difficulties, the project came to a halt.
An affiliate of Miami-based Cam Group has acquired an older office building in Coral Gables for $18.5 million with redevelopment plans. B & B Investments Management, managed by Wilfred Braceras in Miami, sold the 2.05-acre site at 760 Ponce de Leon Blvd., along with 112 and 120 Avila Court, to 760 Ponce De Leon LLC, led by Pedro Camejo and Joel Campo of Cam Group. The buyer secured a $13 million mortgage from Granada Financial.
A pre-application review request has been submitted for Metro Grande II, an 8-story elderly rental community proposed at 2015 West Okeechobee Road in Hialeah, Florida. This project is designed by the Coral Gables-based architect Behar Font & Partners, with landscape architecture by Witkins Hults + Partners based in Hollywood. Developed by Cornerstone Group, a Coconut Grove-based developer, the project would encompass approximately 101,645 square feet of space. This includes 74,375 square feet dedicated to residential areas, divided into 94 units, and provision for 93 parking spaces. The application specifies JCM Consultants, Inc. as the civil engineer, De Los Reyes Engineering, Inc. as the structural engineer, RPJ Consulting Engineers, Inc. as the MEP engineer, and Josh Tonnessen, Senior Vice President – Finance and Development at Cornerstone Group, as the applicant.
Coral Rock Development Group, a leading real estate development company based in Coral Gables, has unveiled plans for Dulce Vida, a transformative mixed-use, mixed-income development in Miami’s Allapattah neighborhood. The project aligns with Florida’s SB 102 law, which aims to promote mixed-income developments and increase access to affordable housing. Dulce Vida will encompass 200 rental units designed to cater to a diverse range of residents. Of these units, 85 will be designated as affordable housing at 60% of the Area Median Income (AMI), 85 will be allocated for workforce housing at 100% AMI, and 30 units will be available for workforce housing at 120% AMI, providing various housing options for different income levels.
The Preservation of Affordable Housing (POAH) hosted a groundbreaking ceremony for Meridian Point at Goulds Station, an affordable housing complex in Miami-Dade County.
