In 2019, Urbanica Management purchased a .98-acre site in Miami-Dade County for $40 million––the last vacant site in the area at the time. Now, nearly three years later, the organization hopes to move ahead with plans for a 16-story hotel.
Recently unveiled site plans and renderings showcase the Tempo & Homewood Hotel, a proposed 11-story establishment located at 100 Southeast 8th Avenue in the charming neighborhood of Beverly Heights, Fort Lauderdale. The hotel, skillfully designed by Adache Group Architects in collaboration with Craven Thompson & Associates as the civil engineer and Scott C. Heynen, RLA LLC as the landscape architect, is set to be developed by New Castle Hotels & Resorts under Fort Lauderdale 8th Avenue Hotel LLC. The proposal for the hotel is scheduled for review by Fort Lauderdale’s Development Review Committee on April 11, 2023.
Urban Network Capital Group (UNCG) has announced the closure of a $26.7 million construction loan for its Visions Orlando community Phase I & II. The development is located at 7007 Osceola Polk Line Rd. in Davenport, FL, just 20 minutes from Walt Disney World. LV Lending, a private lender focused on bridge loans for commercial and residential investment properties and developments, provided the financing for the project. Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending arranged the loan.
A four-story hotel is headed to Southwest Florida. HomeTowne Studios by Red Roof Inn @ Sitka Street will comprise 36,600-square-feet of new construction, resting on a 4.95-acre build site.
Construction could start on Hilton Tempo in September 2023. Initially, the venture was supposed to break ground in 2022. Yet, according to FOX 4 Southwest Florida, the Fort Myers Community Redevelopment Agency (CRA) pushed it back after the venture switched owners.
