Babcock Ranch is a “new town” development taking shape in Southwest Florida. At full buildout, the venture will span 18,000 acres and yield more than 19,500 homes. Now, Florida YIMBY has learned of an exciting development regarding this massive venture.
Developers JW2 Development and Schmid Construction have plans for an office park focused on medical businesses in Oakland. The Oakland Exchange will offer 13 buildings measuring 2,500 to 3,500 square feet each, along with a 5,500-square-foot anchor building.
A demolition permit has been issued for the 1401 Brickell property in Miami, signaling the beginning of redevelopment for the site. Although plans for a new tower are in place, a new construction permit has yet to be filed. The issued permit outlines the total demolition of 236,877 square feet at an estimated cost of $5,890,000. The BG Group is listed as the contractor responsible for the demolition. The application for the permit was initially submitted in June 2023, and it was approved and issued on July 3, 2023.
Miami-based real estate development firm CMC Group has obtained a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce/The Collection, a nine-story Class-A mixed-use office and retail development in Coral Gables. Developed by CMC Group Founder Ugo Colombo in 2002, the Mediterranean-style building is also home to The Collection, a luxury car dealership featuring brands such as Ferrari, Aston Martin, and Porsche. The property is located at the intersection of Ponce de Leon Boulevard and Bird Road and includes 150,000 square feet of Class A office space and 32,000 square feet of ground-floor retail. It is over 90% leased to tenants, including Steinway & Sons, Coldwell Banker, and Hemisphere Media Group.
Florida YIMBY has learned of various projects that plan to bring extended stay hotels in Jacksonville and Palm Springs.
