Earlier this week, the St. Petersburg Development Review Commission approved Skyway Village, a mixed-use development in the Skyway Marina District. The venture will involve demolishing most of a 380,000-square-foot facility that exists on the 34.3-acre build site.
Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has acquired a land parcel in the Edgewater neighborhood of Miami’s urban core at 3618 Northeast 5th Avenue. The transaction closed for $13.5 million, with the previous owner being Hotelex Midtown LLC, an affiliate of Hotelex Group. The 4,725-square-foot parcel is zoned T6-24a-O, permitting a structure of up to 24 stories. The partnership between UNCG and Vertical Developments plans to develop a condo-hotel tower on the property; details have not yet been disclosed. Alfonso Jaramillo from Fortune International Realty represented the buyers in the deal.
Oaklyn, an 11-story mixed-use tower located at 3333 North Federal Highway in the heart of Oakland Park, has completed construction and officially opened its doors, welcoming its first residents. Designed by Kobi Karp Architecture & Interior Design Inc., with First Florida as the general contractor, and developed by Newrock Partners, the property offers 274 apartment residences, ranging from studios to two bedrooms, with flexible floor plans spanning from 451 to 1,172 square feet. Oaklyn recently received its Temporary Certificate of Occupancy on September 15, offering residents unobstructed rooftop views of the cityscape and beaches, sleek interior finishes, and abundant amenities.
DoubleBranch, formerly known as Pasco Town Center, will host its official groundbreaking ceremony later this October. The massive mixed-use development will cost more than $2 billion to complete, and it’ll generate an economic impact of more than $600 million.
Highland Park Miami. A billion-dollar proposal slated for Miami-Dade County. Our sources indicate that if approved, the venture could offer 1,000 residential units, along with 150 hotel rooms and half-a-million square feet of medical office space.
