Emerald Bay Apartments could soon take shape in Hialeah, Florida. The $345 million venture will offer more than 900 units delivered in multiple phases. The first phase alone will offer seven buildings, featuring one-bedroom to three-bedroom homes. They will measure from about 660 square feet to 1,320 square feet each.
Miami-based developer Shoma Group (Shoma) has purchased a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million. The property, bound by Douglas Road to the west and Metrorail’s elevated railway to the south, will be cleared to make way for Shoma One, a two-towered 18-story mixed-use development designed by MSA Architects with 391-unit apartment community and a Shoma Bazaar food hall. The development is scheduled to break ground in January 2023 and is expected to be completed in 18-24 months with an estimated cost of $220 million to build.
An 11-story Mediterranean-themed mixed-use development designed by MSA Architects has been proposed for 3808 Southwest 8th Street in Coral Gables. FRC Realty Inc., an entity linked to Chicago-based real estate developer Fifield Realty Corp, submitted plans for a 227,670-square-foot building to be considered by Coral Gables’ Development Review Committee, which includes 103 residential units and amenities spread across 105,946 square feet of space, approximately 11,350 square feet of retail space, 7,241 square feet of office space and a garage integrated into the podium for up to 177 vehicles. Witkin Hults + Partners is listed as the landscape architect and Kimley Horn is the civil engineer.
Construction could start on Palm Springs Residences later this year. The venture requires demolishing a YMCA that will relocate elsewhere in Palm Beach County, Florida. When finished, the development will comprise more than 260,000 square feet of new construction.
RD Town Plantation is unfolding in Fort Myers, Florida, per the South Florida Water Management District. The venture will offer at least 84 residential units. Plans show 56 two-bedroom units and 28 three-bedroom units.
