Multifamily

Concord Summit Capital Closes $12 Million Loan For Downtown Miami Development Site, Paving Way For 52-Story Tower With 545 Multifamily Units

8:00 am on June 11, 2023 By Oscar Nunez

Concord Summit Capital, LLC (“Concord Summit”) has arranged a $12 million bridge loan for an infill property in Downtown Miami. Managing Director Justin Neelis and Associate Keegan Burger of Concord Summit’s Miami office sourced and advised the loan. The bridge loan is intended to refinance the existing mortgage and provide predevelopment funds for the sponsor, Bluetrich Holdings, Inc (BHI). BHI plans to utilize these funds to realize its vision for the property, a 0.55-acre parking lot acquired in 2021 for $18 million. The site at 130 Southeast 1st Street benefits from the highest density zoning allowed, presenting a significant development opportunity.

Developers Seeks Approval for McCoys Landing at 101 Myrtle Ave. S., Jacksonville, Florida

7:00 am on May 20, 2023 By Colt Dodd

McCoys Landing is just one step closer to getting approval in Jacksonville, Florida. The seven-story complex will offer 275 units on a two-acre build site.

Taurus Development Group Proposes 28-Unit Multi-Family Project In Goulds, Miami-Dade County

8:00 am on April 27, 2023 By Oscar Nunez

New plans submitted to Miami-Dade County for an Administrative Site Plan Review reveal Taurus Development Group LLC’s proposal to develop a multi-family residential building in the Goulds Community Urban Center District (GCUC), designed by Conconcreto Designs LLC as the architect, structural engineer, and MEP engineer, and Fecttech Consult, LLC as the civil engineer. The development site is situated at the southwest corner of Southwest 218th Street and Southwest 120th Ave intersection, within the Center Sub-District of the GCUC. The vision for the project is an 8-story, 28-unit apartment building with a ground-floor parking garage and additional on-street parking.

Developers Breaks Ground On 18-Acre Multifamily Development in Palm Springs, Florida

8:00 am on April 26, 2023 By Oscar Nunez

South Florida real estate development and investment firm Mast Capital has joined forces with Boston-based Rockpoint and The Spear Group to break ground on an 18-acre multifamily development in Palm Springs, FL. With $42.5 million in construction financing from Santander Bank, the project, located at 2085 S. Congress Ave., will rise on the site of the former YMCA of the Palm Beaches. The development will feature 264 upscale, garden-style apartments across 11 residential buildings.

Empira Group Acquires Brickell Development Site, Plans 26-Story Multifamily High-Rise

8:00 am on April 20, 2023 By Oscar Nunez

Swiss real estate investment powerhouse, Empira Group, has made headlines with its recent acquisition of the 901 Southwest 3rd Avenue development site for $21.5 million, previously referred to as Empire Brickell, in the bustling Brickell neighborhood of Miami. This marks the firm’s second foray into greater downtown Miami’s development landscape in just under a year, with the transaction successfully closing on April 17th, 2023. With construction anticipated to begin in the first quarter of 2024, Empira Group envisions a 26-story tower comprising 310 market-rate apartments alongside approximately 2,500 square feet of ground-floor retail space. The project’s completion is slated for 2026.

Ranch Hill Undergoes Construction at 11251 Old Pasco Road, San Antonio, Florida, 33576

7:00 am on March 22, 2023 By Colt Dodd

Construction began on Ranch Hill in February 2023, with our sources listing Capstone Building Corp as the general contractor. Upon completion, the multi-family residential community will offer more than 315 units spread across multiple three-story buildings.

Livano Nature Coast to Offer 348 Units at 2950 Landover Boulevard, Spring Hill, Florida, 34608

7:00 am on November 19, 2022 By Colt Dodd

Livano Nature Coast is a 348-unit multi-family community slated for Spring Hill, Florida. LIV Development recently purchased the 31.75-acre build site for $4.35 million, per Land Advisors Organization.

Shoma Group Completes Shoma Village Rental Community In Hialeah, Welcomes It’s First Residents

8:00 am on August 9, 2022 By Oscar Nunez

Miami-based developer Shoma Group completed it’s two-tower multifamily rental community at 445 Hialeah Drive in Hialeah known as Shoma Village. They began welcoming in the first residents to brand new apartments on August 1, with leasing activities managed by KW Property Management & Consulting and the property managed by Shoma MGMT. The development is comprised of two 8-story buildings with 304 residences in a mix of studios, one-, two- and three-bedrooms. 65% of units are already rented and the remaining inventory is expected to be fully leased by the end of summer. Shoma Village was designed by Kendall-based MSA Architects, and Suffolk Construction served as the general contractor along with KD Construction of Florida, LLC as the shell contractor.

LF Development Files Plans For Two Towers With 600 Residential Units In Fontainebleau, Florida

8:00 am on August 1, 2022 By Oscar Nunez

Miami Lakes-based real estate developer and general contracting firm LF Development, through an affiliate entity listed as Combo Group Holdings LLC, filed plans for Fontainebleau Apartments II, a two-towered multifamily development of 10 and 19 stories proposed to rise atop 4.03-acres of backfilled land in Fontainebleau, Florida. Designed by Coral Gables-based Valle Valle & Partners, the property would yield 600 residential units across both towers, a 5,200-square-foot convenience retail component and 957 parking spaces, including 20 handicap spaces and 147 spaces for electric vehicles. Witkin Hults + Partners is the landscape architect, and the engineering team is comprised of Solver Engineering, Zamora & Associates and Fineline Engineers, Inc.

New River Central. Designed by Dorsky + Yue International.

Bizzi & Partners Gets FAA Approval For 378-Foot-Tall Structure To Rise At 100 SW 6th Street In Fort Lauderdale

8:00 am on July 15, 2022 By Oscar Nunez

The Federal Aviation Administration has granted New York-based real estate developer Bizzi & Partners building permit approvals for New River Central, a 35-story mixed-use multifamily and retail high rise building anticipated to rise at 100 Southwest 6th Street. Designed by Dorsky + Yue International with landscaping by Lewis Aqui Landscape + Architectural Design, and being developed alongside New York-based Silverback Development, the 378-foot-tall structure will yield an estimated 350,000 square feet of space including 401 residential units, 5,500 square feet of ground floor retail space, and a 477-space parking garage. The building permit applications were approved as of July 14, 2022 and are set to expire on January 14, 2024.

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