Related Companies Acquires 320-Unit Sorrento Apartments In Miramar, Florida

Related Companies has acquired Sorrento, an affordable housing community in Miramar, Florida, from Zom Foxcraft, an entity tied to ZOM Living and NRP Group for $48.2 million, equating to $150,625 per unit. The 320-unit, garden-style apartment community offers LIHTC income-restricted apartments at 8991 and 9577 Southwest 41st Street. The property was completed by ZOM Living in 2012 and was originally financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.

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Related Group’s Manor At Miramar Tops Off At 1 Main Street In The Heart Of Miramar

Manor at Miramar, an 8-story mixed-use project under construction a 1 Main Street, has topped off in the heart of Miramar, FL. Designed by Stantec and developed by Related Group, the development will offer 393 residential units, a 655-space parking garage and 28,000 square feet of ground-level retail space. Current Builders, led by CEO Michael Taylor, is the general contractor for the project, which is slated for completion in Q3 2023.

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Site Location. Courtesy of Trammell Crow Residential.

Trammell Crow Residential’s 250-Unit Alexan Miramar Approved For 3100 SW 145th Avenue In Broward County

The City Commission of Miramar has approved rezoning efforts from Dallas-based Trammell Crow Residential, which rezones two parcels of land totaling 17.16 acres located on the northwest corner of Miramar Parkway and Southwest 145th Avenue in Broward County. First reported by The Real Deal, the Commission unanimously voted to rezone the development site from Community Business (B2) to Mixed-Use Low (ML), that of which includes an existing 4-story office building and the 9-acre section of land that the developer intendeds to improve with two 6-story residential buildings called the Alexan Miramar.

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