Mixed Use

Miami Blue Lagoon Development Site Slated for Auction Following Foreclosure Ruling

8:00 am on August 21, 2024 By Oscar Nunez

A development site in Miami’s Blue Lagoon area, previously approved for apartments and a hotel, is now facing foreclosure and is set to be auctioned due to a $17.9 million lawsuit. Miami-Dade County Circuit Court Judge Thomas J. Rebull granted the foreclosure judgment on August 10 in favor of TIG Romspen US Master Mortgage against 7 at Blue Lagoon LLC and loan guarantor Caroline Weiss. The judgment is tied to a loan with $13.2 million in outstanding principal and additional interest and fees. The court found that the borrower failed to repay the loan by its maturity date on October 1, 2022, and neglected to pay real estate taxes from 2020 to 2022.

Pebb Capital, Sabal Investment Holdings Acquire “The Press” in West Palm Beach, Plans for Major Improvements

8:00 am on August 17, 2024 By Oscar Nunez

Pebb Capital and Sabal Investment Holdings have announced the acquisition of “The Press,” a mixed-use property located at 2751 South Dixie Highway in West Palm Beach, Florida. The transaction, made in an off-market deal with Tricera Capital, includes plans for nearly $80 million in acquisition and repositioning efforts. These plans involve significant capital improvements, such as enhancing the office building’s common areas, completing spec suites, and upgrading the landscape and hardscape along Dixie Highway to attract additional high-quality tenants.

FAA Approves Tower Cranes for 41-Story Development at 520 W. Broward Blvd in Fort Lauderdale

8:00 am on August 14, 2024 By Oscar Nunez

The Federal Aviation Administration has issued permits for two tower cranes at 520 West Broward Boulevard in Fort Lauderdale, where Woodfield Investments plans to build a 41-story tower. The permits, issued on August 7 and expire on February 7, 2026, allow the cranes to rise 507 feet and 546 feet above ground, or 511 and 550 feet above mean sea level. The development, designed by Spina O’Rourke + Partners with landscape architecture by EDSA, will feature 365 apartments, 2,500 square feet of commercial space, and a 444-space parking garage.

Construction Starts on ‘The Parks at Hallandale’ at 2002 Pembroke Road, Hallandale Beach, FL

7:00 am on August 13, 2024 By Colt Dodd

Construction has started on The Parks at Hallandale, a mixed-use venture in Broward County, following the security of a $83 million construction loan. Upon completion, the venture will offer 398 homes in seven five-story buildings, offering a mix of at-market rate and workforce housing units.

Developer Seeks Funding for ‘the Villages at East Ocean’ at 405 E. Ocean Ave., Boynton Beach, FL

7:00 am on August 10, 2024 By Colt Dodd

In 2017, Edgewater Capital Investments secured approval for the Villages at East Ocean, a mixed-use complex in Boynton Beach. Now, seven years later, the Miami-based firm is seeking $12.5 million in city incentives to move the project forward.

‘The Horizon of Oakland Park’ Gets Site Plan Approval for Broward County

7:00 am on August 8, 2024 By Colt Dodd

Two developers have secured approval from Oakland Park city officials regarding a mixed-use venture in Broward County. The Horizon of Oakland Park will offer 331 apartments and retail space in two mid-rise buildings.

Developers File Plans for “the Gallery at Marina Village”, Located at 1300 Broadway, Riviera Beach, FL

7:00 am on August 5, 2024 By Colt Dodd

Three developers have filed plans for “the Gallery at Marina Village”, a mixed-use venture in Riviera Beach. Located on a vacant 2.45-acre parcel, the venture would comprise 418 apartments. The studio to three-bedroom units would measure 490 to 1,195 square feet each, with most hovering around 786 square feet.

Developers Complete Remi on the River at 999 NW 7th St. in the Miami River District

8:00 am on July 28, 2024 By Oscar Nunez

Mast Capital, in partnership with AEW, has completed Remi on the River, a new multifamily development at 999 Northwest 7th Street in the Miami River District. Designed by Corwil Architects, the apartment community offers 342 rental units with various floorplans and amenities. It is situated near Miami’s Brickell Financial District, the Miami Health District, Downtown Miami, beaches, cultural attractions, and nightlife.

Mixed-Use ‘Parc Residences’ Undergoes Construction at 3411 N. Federal Highway, Oakland Park, FL

7:00 am on July 28, 2024 By Colt Dodd

The former site of a strip club could find new life as Parc Residences, a seven-story residential building in Oakland Park. Our sources indicate that local developer Newrock Partners recently secured a $60 million loan that would go toward the construction of 165 apartments.

‘The Shoppes at Yellow Pines’ Undergoes Construction at 42030-42080 Cypress Parkway, Babcock Ranch, FL

7:00 am on July 25, 2024 By Colt Dodd

Babcock Ranch is a “new town” development taking shape in Southwest Florida. At full buildout, the venture will span 18,000 acres and yield more than 19,500 homes. Now, Florida YIMBY has learned of an exciting development regarding this massive venture.

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