La Baia has started construction in Bay Harbor Islands, Florida. The venture offers 68 luxury units that have already sold out, having gone on sale in October 2021. Homes range from 1,100 square feet to 2,500 square feet, offering one-bedroom to four-bedroom units.
The Reserve at Jensen Beach is scheduled to open in Summer 2022. The community comprises multiple low-rise building and offers 197 homes. Capano Residential notes that homes will range from 851 square feet to 1,345 square feet each.
Florida East Coast Realty (FECR), the developer behind Miami’s current tallest skyscraper, the 85-story Panorama Tower, has sold the last remaining prime waterfront development site in Brickell for a record breaking $363 million to 1201 Brickell Bay LLC, managed by Randall Davis in Chicago. FECR, led by real estate visionary Tibor Hollo and his family, held ownership of the property since around October 2000, which according to city records was originally purchased for $15.5 million. The property is addressed as 1201 Brickell Bay Drive, a 2.5-acre site bound by Southeast 12th Street on the north and Brickell Bay Drive on the west intersecting Southeast 12th Terrace. In 2016, FECR along with Corigin Real Estate Group and McCourt Global properties, announced plans for two 1,049-foot supertall mixed-use towers with 660 units designed by Foster + Partners dubbed ‘The Tower by Foster + Partners’, but those plans were never realized.
Cornerstone is a new residential development unfolding in Jupiter, Florida. The luxury development will offer 15 units in a five-story building, with each home measuring 2,000 to 4,000 square feet each.
SeaGlass Jupiter Island is scheduled to open in Fall 2022. Construction started on the venture in December 2020. The complex will measure 10 stories above grade and comprise 21 residences, featuring three-bedroom to four-bedroom units.
