Our sources note that developers secured a $340 million construction loan for the Ritz-Carlton Residences, Palm Beach Gardens. The 11-acre venture will offer three-bedroom to five-bedroom units, measuring about 2,700 square feet to 5,000 square feet each.
Demolition has started on various commercial buildings in West Palm Beach, Florida. The end goal? Olara, two 26-story luxury towers offering 275 condos and 210 rental units.
Located at 161 Northwest 28th Street in Wynwood, a one-acre development is set to take shape as Bel Invest, an international real estate investment and development entity with a portfolio in Italy, Spain, Germany, and the United States, collaborates with Diesel, the renowned Italian fashion and lifestyle brand, to lay the groundwork for the Diesel Wynwood condominium project. Envisioned by the esteemed Zyscovich Architects, the eight-story structure will occupy approximately 323,633 square feet, comprising 159 residential units and a substantial 15,889 square feet of ground-floor retail space. Nestled on the northern boundary of Northwest 28th Street, between Northwest 1st and 2nd Avenues, the development’s site stands directly opposite its existing sales center. Moss & Associates LLC is the general contractor.
The Town Council of Davie, Florida, unanimously approved the largest multifamily project in its history on Wednesday, April 19. The groundbreaking development, The District in Davie, collaborates with esteemed developer El-Ad National Properties, a subsidiary of Elad Group, acclaimed architecture firm Cooper Carry, and renowned landscape architect EDSA. Located at 4801–4999 S. State Road 7, this 2.8 million-square-foot development will feature rental residential apartments and commercial spaces.
Chicago-based Trilogy Real Estate Group (Trilogy), under the TF Second and 23rd, LLC, has proposed a 33-story mixed-use building at 212 Northeast 23rd Street in the Edgewater neighborhood of Miami. Dubbed Residence 23, the development is designed by SB Architects and would feature a 367-foot-tall structure encompassing 663,757 square feet of space. The project would include 369 residential units, approximately 13,113 square feet of ground-floor retail space, parking facilities with 504 spaces, and various amenities. Kimley-Horn is the project’s civil engineer and landscape architect, while Pierce Engineers is the structural engineer. Miami’s Urban Development Review Board is scheduled to review the proposal for Residence 23 on April 19th.
