Redwood National Properties has officially broken ground on a new residential venture in Opa-Locka, Florida. Dubbed “Mosaic,” the 98-unit development will measure five stories and rest on a 2.1-acre build site.
Coastal Construction has been selected as the general contractor for a 35-story mixed-use development at 505 East Tyler Sreet in Downtown Tampa. Designed by Arquitectonica and developed by Cantor Silverstein Opportunity Zone Trust, Inc., a Qualified Opportunity Fund and joint venture partnership between New York-based developer Silverstein Properties and financial firm Cantor Fitzgerald L.P., the approximate 363-foot-tall tower will yield 770,000 square feet of space including 450 apartments, amenities such as an outdoor pool, tenant lounges with workspaces, and a state-of-the-art fitness center, over 9,000 square feet of ground floor retail space, and 500 parking spots. Groundbreaking is expected in later 2023/early 2024, with completion in 2026.
Developer Kolter Urban has secured $240M in construction financing for Selene Oceanfront Residences, a two-towered, 26-story residential development located at 151 North Seabreeze Drive in Central Beach, Fort Lauderdale. Designed by Kobi Karp Architects with interiors by ID & Design International, the development will comprise 194 exceptionally spacious two- and three-bedroom residences ranging from 1,400 to 3,200 square feet with a limited collection of penthouses. Wells Fargo Bank, an administrative agent for a group of lenders, provided the loan for the property, which is set to become the tallest residential development on Fort Lauderdale Beach. Coastal Construction is the general contractor.
New construction permits have been filed for Casa Bella by B&B Italia, a 55-story residential condominium building planned for 1400 Biscayne Boulevard in the northern section of Miami’s downtown corridor, just south of Edgewater. Designed by Arquitectonica with landscape architecture from Enzo Enea and developed between real estate developers Related Group and Alta Developers, the 648-foot-tall development will comprise 312 luxury residential units ranging from one to four bedrooms sized between 711 to 2,187 square feet, including select marquee penthouses ranging from 2,605 to 5,890 square feet. Units will feature stunningly-designed interiors by Lissoni New York in collaboration with high-end Italian furniture company B&B Italia. Coastal Construction is listed as the general contractor.
Nearly 25 years since launching in the heart of Downtown Miami, preeminent law Firm Bilzin Sumberg is doubling down on its Florida growth strategy with a significant office lease that will preserve its position as one of the central tenants at the 1450 Brickell office tower. The firm has renewed its lease for nearly 84,000 square feet of space at the Class A building, representing one of the largest law firm footprints in Miami’s urban core. Bilzin Sumberg’s renewal of its lease coincides with an influx of residents, companies, and investment into South Florida, with the Firm pursuing a strategy of steady growth that has solidified its role as a catalyst for business and wealth migration.
