Construction’s expected to start on the Beacon later this year in Sarasota, Florida. The luxury housing development will offer six residences, including two penthouses measuring around 7,000 square feet each.
Eden at Heritage Lakes could start construction in December 2022, sources report. The $108.4 million venture would comprise more than 380,000 square feet of new construction, offering 278 one-story horizontal apartments and 98 two-story townhomes.
Not too long ago, TPA Development finished construction on one of its office buildings in Broward County, Florida. Now, the firm hopes to start construction on another venture. The Real Deal reports that the residential venture will be completed in phases, with phase 1 offering 350 multi-family units.
AARE Sunbelt, an affiliate of Adam America Real Estate, a privately held real estate development and investment company with over 42 renovation and development projects launched since 2009, and Stellar Communities, a leading residential real estate development company in Florida with 3,000 homes delivered since 2009, recently announced the acquisition of 7.2 acres of fully-entitled land at 4200 Southwest 54th Court in Dania Beach, Florida. The joint-venture partners plan to build a 6-story, 275-rental-unit multifamily development in close proximity to the newly built Seminole Hard Rock Hotel & Casino. The transaction marks the joint-venture partners second land acquisition planned for multifamily development in the heart of South Florida.
MMI Development hopes to move forward with a $105 million residential venture in Sarasota County. Progress at University could comprise five four-story buildings, offering 280 multi-family units on a 16.57-acre lot. Records from Sarasota County report that the proposed build site formerly served as overflow parking for the now-defunct greyhound racing stadium.
