In May 2023, Florida YIMBY reported on Salato Pompano Beach, a nine-story residential venture in Broward County. Now with the acquisition of a $73.8 million construction loan, it’s expected to break ground soon.
Recently, Florida YIMBY has learned of various build-to-rent communities in the Sunshine State. Here’s a spotlight on two of them.
New York-based Kushner Co. has a 5.7-acre site in Broward County under contract from 58 Oak LLC and 4220 N 58th Avenue Partners LLC. There, it hopes to build Hollywood Oaks, an eight-story mixed-use venture.
Jacksonville-based Dream Finders Homes has plans for a multi-family housing development in Duval County. Exchange at Cedar Creek will comprise 390 residences divided amongst 21 buildings.
PPG Development and L3C Capital Partners have officially broken ground on Bay Harbor Towers, an eight-story waterfront condominium at 10141 East Bay Harbor Drive in Miami’s Bay Harbor Islands. Designed by renowned architect Kobi Karp, the project offers luxurious living with modern architecture and unparalleled views. The residences’ sales started in late 2023 and reached over 50%, with the remaining units priced from $2.6 million. The development is expected to be completed by 2026; Civic Construction is the general contractor.
