Mattamy Homes, the largest privately owned homebuilder in North America, has announced plans to develop a new community, Sienna, in Cooper City, Fla. Sienna recently broke ground, and sales will begin in early 2023. The luxury community is Mattamy’s first foray into the Fort
Lauderdale market, following many other successful projects in southeast Florida.
New York developer Shahab Karmely of KAR Properties and Miami developer Edgardo Defortuna of Fortune International Group announced a new partnership to co-develop One River Point, two connected riverfront-facing 66-story residential towers with a combined 300 units planned for 24 Southwest 4th Street in Downtown Miami. Under the One River Point Partners, LLC, the pair purchased the site from the original entity of One River Point, Miami River Project LLC, paying $58.85 million. The parcel enjoys an enviable location in the city’s epicenter, just steps from the Brickell financial district and luxury retail shopping and entertainment center, Brickell City Centre, as well as the major transportation hubs, and within minutes from Miami Beach, the Port of Miami, major international airports, and cultural landmarks such as the Adrienne Arsht Center, American Airlines Arena and Perez Art Museum.
501 First Miami is a luxury, high-rise tower unfolding in Miami-Dade County. Although construction hasn’t started yet, the project’s gaining a lot of traction, with developers having submitted building permits for approval earlier this month.
General contractors hope to break ground on Tal Aventura in late 2023, a luxury residential venture located in Aventura, FL. As of October 3, 2022, developers had secured conditional approval from city officials. If all goes according to plan, future residents could move in 2025.
In September 2022, South Miami city officials approved “Edge at SoMi,” a residential community featuring 311 apartments. Homes will measure 622 square feet to 1,185 square feet each, comprising one-bedroom to multi-bedroom layout plans.
