Luxury

OKO Group And Cain International Get $97.2 Million In Construction Financing For 34-Story One River In Fort Lauderdale

8:00 am on July 8, 2022 By Oscar Nunez

OKO Group and Cain International have secured $97.2 million in construction financing for their next joint venture development: One River, a new 34-story luxury multifamily tower located addressed as 629 Southeast 5th Avenue in Fort Lauderdale, Florida. Financing is broken down into two loans, a senior construction loan provided by Bank OZK, and a mezzanine construction loan provided by JVP Management, which will fund the construction of the tower. One River will encompass 251 high-end apartments and 2,600 square feet of ground level retail space. Vertical construction is scheduled to begin this summer, with delivery expected September 2024.

Aventura Park Planned for 17990 West Dixie Highway, Aventura, Florida, 33180

7:00 am on July 8, 2022 By Colt Dodd

Aventura Park is unfolding in Miami-Dade County, Florida. The eight-story building will comprise more than 236,000 square feet of new construction, offering 290 apartments. The South Florida Business Journal reports that the development will also have 1,450 square feet of retail space and 435 parking spots.

The Julia To Offer 15 Luxury Units in St. Petersburg, Florida, in Pinellas County

7:00 am on July 6, 2022 By Colt Dodd

The Julia is now leasing units in St. Petersburg, Florida. The multi-million-dollar venture measures 19 stories above grade and offers lofts, full-estate units, and penthouses. Some units comprise 8,000 square feet of new construction; 6,000 square feet of interior space, and 2,000 square feet of outdoor terraces.

Legacy Hills’ Offers 48 Homes in Apopka, Florida

7:00 am on July 5, 2022 By Colt Dodd

KB Home has a new housing development unfolding in Apopka, Florida. Legacy Hills is a 48-lot community that features homes starting in the mid-$400,000s. GrowthSpotter reports that there are seven floorplans to choose from, measuring from 1,800 square feet to 3,203 square feet each. Homes range from four-bedroom to six-bedroom units.

The Beacon To Offer Luxury Homes at 1243 2nd Street, Sarasota, Florida, 34236

7:00 am on June 27, 2022 By Colt Dodd

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.

One Park Sarasota Opens Sales Gallery at 20 N. Lemon Ave., Reaches 50% Sold Mark

8:00 am on June 25, 2022 By Oscar Nunez

National developer Property Markets Group (PMG) and Sarasota-based JEBCO Ventures, are pleased to announce the grand opening of One Park Sarasota’s Sales Gallery located at 20 North Lemon Avenue. The sales gallery launches at the heels of astounding sales success, having sold over 50% of its units and slated to break ground in Q1 of 2023. One Park’s experiential sales gallery features a high tech immersive 10’ tall x 16’ wide LED wall that showcases the development and bay area, a full-size model kitchen, and an owner’s suite grand closet. Experience exceptional service and a serene ambiance as you immerse yourself in luxury living reimagined.

Aura Delray Beach To Open in 2023 at 2105 West Atlantic Avenue, Delray Beach, Florida

7:00 am on June 23, 2022 By Colt Dodd

Aura Delray Beach is slated to open in Spring 2023, offering more than 290 luxury residences on a 12.20-acre lot. Moss & Associates––Corporate Office started construction on the venture in late 2021.

Naples Beach Club To Finish Construction in 2024 at 851 Gulf Shore Boulevard North, Naples, Florida

7:00 am on June 22, 2022 By Colt Dodd

Demolition has started on the Naples Beach Hotel, a historic property dating back to the 1940s. In its place will be a new venture called the “Naples Beach Club Hotel.” It’s under the Four Seasons brand and will offer 216 hotel rooms and more than 150 condos.

42 Pine Lands $35.5 Million Construction Loan From BridgeCity Capital, Reaches 50% Sold Mark

8:00 am on June 21, 2022 By Oscar Nunez

Brooklyn, New York-based BridgeCity Capital is providing $35.5 million in financing to Miami Beach-based JP Roosevelt to begin construction on 42 Pine, an 8-story boutique condominium building envisioned for 340 West 42nd Street between Sheridan Drive and Pine Tree Drive in Nautilus, Miami Beach. The project is designed inside and out by Arquitectonica with landscaping by ULU Studio and offers 50 well-appointed residences spanning 700 to 2,700 square feet, ranging between 1-to-3 bedroom residences and penthouse units. Sales launched just over a month ago, and has already reached the 50% sold mark. Units are priced from $700,000 to $4,000,000 with sales and marketing exclusively handled by Mushka Jacobson of Douglas Elliman.

Altis Santa Barbara Unfolds at 4670 Santa Barbara Boulevard, Naples, Florida

7:00 am on June 21, 2022 By Colt Dodd

Construction is ongoing on Altis Santa Barbara, a luxury housing development in Naples, Florida. The venture will require more than 160,000 square feet of new construction, with Heatherwood Construction Company (the general contractor) having started sitework in Spring 2022. Buildings in the community will measure one to five stories above grade.

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