Three Self-Storage Ventures Proposed for South Florida Region
The construction of self-storage facilities is on the rise in Florida. Our sources point to three separate ventures intending to meet the need for these services.
Miami-Dade County
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$8.36M Bridge Loan Secured for Condo-Hotel Development in Miami’s Arts & Entertainment District
Forman Capital has issued an $8.36 million pre-development bridge loan secured by a residential development site along North Miami Avenue in Miami’s Arts & Entertainment District. The borrower, Royal Palm Companies (RPC), led by Dan Kodsi, plans to develop a 40-story condo-hotel on the properties, likely under the Elevate brand. The transaction was finalized on August 16, with Chief Investment Officer and Partner Scott Mehlman, along with Vice President Ty Regnier, closing the financing on behalf of Forman Capital.
Second Phase Of Quail Roost Station Breaks Ground Along Forthcoming Transit Hub In Miami-Dade County
Atlantic Pacific Companies has broken ground on an affordable housing project for seniors at Quail Roost Station in Perrine. This development will be a hub along Miami-Dade County’s forthcoming electric bus rapid transit system and offer direct access to public transportation along the South Dade TransitWay, making it a crucial part of its transit-oriented community initiatives.
40-Unit ‘Belle Apartments’ Planned for 18234 Homestead Ave, Miami, FL
Belle Development LLC hopes to move forward with the Belle Apartments, an eight-story venture near the future South Dade TransitWay. If approved, the project would offer 40 homes measuring 532 to 1,100 square feet.
Second Phase of Caribbean Isles Could Offer 142 Homes at 19755 S.W. 110th Court, Miami, FL
Miami-based Caribbean Village LTD., an affiliate of Pinnacle Housing, hopes to get approval for revised plans regarding the second phase of Caribbean Isles.
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