Limestone Asset Management And Orion Real Estate Group Complete $5 Million Renovation Of Pinecrest Town Center

Miami-based Limestone Asset Management and Orion Real Estate Group recently announced the completion of a $5 million renovation of Pinecrest Town Center, a mixed-use retail and office complex situated at 12651 South Dixie Highway, Pinecrest, FL. The renovation focused on modernizing the exterior façade and storefronts, the installation of impact-resistant windows, lighting upgrades, and the addition of a rooftop parking area, with the work led by general contractor Tim Majors of Suncon and architect Bruce Arthur of WHA Design, both Miami-based.

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Park Partners Residential And Independencia Asset Management Acquire 280-Unit The Commons And Plan $58.5 Million Renovation

Park Partners Residential, owner and operator of value-add and luxury multifamily apartment communities, and Independencia Asset Management have completed the $77,750,000 acquisition of The Commons, a multifamily residential community addressed as 8050 Gables Commons Drive in Orlando. The 19.28-acre property is located south of Little Lake Bryan Parkway and is east of Vineland Avenue and Interstate-4, just minutes away from Orlando Vineland Premium Outlets. Los Angeles-based Ares Management provided the funds for the purchase, which was brokered by Jubeen Vaghefi, Denny St. Romain and Charles Crapse of Cushman Wakefield. The newly formed joint venture between Park Partners Residential and Independencia Asset Management received a $58.5 million construction loan from American Real Estate Capital to fund an extensive renovation of the property’s 280 units, clubhouse and amenity spaces. 

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Florida East Coast Realty To Renovate Their Office Towers At 1101 Brickell Avenue To Meet Growing Demand

Florida East Coast Realty (FECR) is planning to invest $12 million in renovations to its office towers at 1101 Brickell Avenue in Miami’s Financial District, including a new grand lobby, flagship restaurant, extensive fiber optic connectivity, and 24-hour security. Located immediately West of Miami’s currently tallest skyscraper – the 85-story Panorama Tower also owned and built by FECR – the office towers are bound by Brickell Avenue on the West, Southeast 11th Street on the South and Southeast 10th Street on the northern end of the city block.

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