Miami-based Sevilla Group hopes to get approval for a residential community. Sevilla Parc would comprise 192 units spread across six low-rise buildings. The South Florida Business Journal notes that homes would comprise one-bedroom and two-bedroom units.
Miami’s Urban Development Review Board has issued approval for 2900 Terrace, a new 38-story mixed-use development slated for 401 Northeast 29th Terrace in the Edgewater neighborhood. This 380-foot-tall project is a collaboration between LNDMRK Development and Oak Row Equities, with design by the renowned architectural firm Arquitectonica. The development is anticipated to encompass 629,829 square feet, including 324 residential units, 22,354 square feet designated for office use, 13,108 square feet for commercial use, and 515 parking spaces. Construction is expected to be completed in 2026.
Developers Related Group (Related) and partner Alta Developers have closed on $240 million in financing for Casa Bella Residences by B&B Italia (Casa Bella), a 56-story residential building that broke ground earlier this month in Downtown Miami’s burgeoning Arts and Cultural District. The loan was provided by Cain International (Cain) — a privately held investment firm with over $16 billion in assets under management.
A Coral Gables-based developer hopes to get approval for Beacon Flats, a residential complex in Miami-Dade County. The complex, which would comprise 103,176 square feet of new construction, would offer 109 apartments divided between two three-story buildings.
Miami’s Urban Development Review Board has given the green light to a 38-story mixed-used venture. 2900 Terrace will comprise 324 luxury housing units, ranging from one-bedroom to three-bedroom layout plans.
