Residential

Developers Secure $34 Million From Bank OZK To Begin Construction On 66-Story One River Point In Downtown Miami

8:00 am on January 8, 2023 By Oscar Nunez

One River Point Partners, LLC, a joint venture partnership between New York’s KAR Properties and Miami’s Fortune International Group, has secured a $34 million loan to initiate the first phase of construction on One River Point, a twin-towered 66-story residential development planned for 24 Southwest 4th Street in Downtown Miami. Designed by the star architect Rafael Viñoly of Rafael Viñoly Architects, the pair of connected towers will contain a combined 368 condominium units, and sit immediately north of the Miami River. The property will enjoy a desirable location in the city’s epicenter being just minutes away from luxury retail shopping and entertainment areas as well as the major transportation hubs, the Port of Miami, Miami International Airport, and cultural landmarks such as the Adrienne Arsht Center and Perez Art Museum.

Fifty South Student Housing Planned for 11731 East Colonial Drive, Orlando, Florida

7:00 am on January 8, 2023 By Colt Dodd

East Colonial, LLC hopes to start construction on a student residential venture in April 2023. It’s called “Fifty South Student Housing.” Sources note that the complex would replace a 12,300-square-foot Golden Corral restaurant.

Red Apple Real Estate Secures $252 Million In Financing, Vertical Construction For St. Petersburg’s Tallest Building To Commence In March 2023

8:00 am on January 7, 2023 By Oscar Nunez

Red Apple Real Estate has secured $252 million in financing for The Residences at 400 Central, a 46-story mixed-use building under construction at 400 Central Avenue in downtown St. Petersburg. Designed by Arquitectonica with WSP as the structural engineer and featuring interiors by Celano Design Studio, The Residences at 400 Central will become the tallest building in the city and on the gulf coast at approximately 515 feet, yielding 1.3 million square feet of space including 301 luxury condominiums with views of Tampa Bay and the Gulf of Mexico, retail and restaurant space, and upwards of 40,000 square feet of Class A office space. Suffolk Construction is the general contractor for the project, which is scheduled to go vertical in March 2023.

Developers Hope to Move Forward with Foxcraft Estates at 3300 Foxcroft Road, Miramar, Florida

7:00 am on January 7, 2023 By Colt Dodd

Sources note that developers hope to start construction on a new project later this year. The venture? Foxcraft Estates. The residential building would measure five stories above grade and offer 84 homes, ranging from one-bedroom to three-bedroom apartments.

Related Group Nabs $164 Million Construction Loan For 506-Unit Rental Tower In Brickell

8:00 am on January 6, 2023 By Oscar Nunez

Charlotte, NC-based Truist Bank has issued a $164 million construction loan to Miami’s acclaimed condo king, the Related Group, for the first of three skyscrapers slated for a prime 3.9-acre development site along Brickell Avenue, south of the Miami River. Commonly referred to as One Brickell Tower II, the 47-story structure is reportedly planned to rise approximately 478 feet at 77 Southeast 5th Street and yield 506 rental apartments. Arquitectonica is the architect for the entire mixed-use development, which includes the planned 75-story Baccarat Residences Miami and an 82-story hotel and residential tower. John Moriarty & Associates is the general contractor for the tower, which is expected to begin construction next month.

The Gallery at Lummus Parc Proposed for 395 Northwest First Street, Miami, Florida, 33132, in Miami-Dade County

7:00 am on January 6, 2023 By Colt Dodd

The Gallery at Lummus Parc is in the works for the downtown Miami region. The mixed-use venture would comprise two towers, measuring 27 stories and 30 stories.

Bainbridge World Center to Finish Construction in 2024 at 14051 International Drive, Orlando, Florida

7:00 am on January 5, 2023 By Colt Dodd

Bainbridge World Center is undergoing construction in Orlando, Florida. The luxury multifamily development’s slated to open in early 2024, offering 341 apartments.

Renderings Surface For 35-Story Tower Soon To Break Ground In Downtown Tampa’s North Side

8:00 am on January 4, 2023 By Oscar Nunez

Renderings have surfaced for a 35-story mixed-use building planned for a 34,000-square-foot site at 505 East Tyler Street and 914 North Morgan Street in the North Downtown submarket of Downtown Tampa. Designed by Arquitectonica and developed by Cantor Silverstein Opportunity Zone Trust, Inc., a Qualified Opportunity Fund and joint venture partnership between New York-based developer Silverstein Properties and financial firm Cantor Fitzgerald L.P., the approximate 363-foot-tall structure will comprise 770,000 square feet of space including 450 residential units with associated leasing office/lounge, 11,500 square feet of amenities, 9,430 square feet of ground floor restaurant/retail space.

Aura Cypress Creek Could Offer More Than 300 Units at 400 Corporate Drive, Fort Lauderdale, Florida

7:00 am on January 4, 2023 By Colt Dodd

Developers hope to move ahead with Aura Cypress Creek, a luxury multifamily housing complex in northern Fort Lauderdale. Per the Sun-Sentinel, the community would offer 340 homes and ground floor commercial space.

Neighborhood Housing Foundation Submits Plans For 100% Affordable Housing Project In Miami-Dade County

8:00 am on January 3, 2023 By Oscar Nunez

A pre-application is now under review for Liberty City Homes, an 8-story fully-affordable workforce housing development proposed for 9601 Northwest 22nd Avenue on the northeast corner lot of the intersection with Northwest 96th Street in the Sierra Nevada subdivision of the West Little River neighborhood. Designed by Emiliano Alberto Orozco and developed by Miami’s Neighborhood Housing Foundation (NHF), the 82-foot-tall building would offer 48 workforce housing units and parking spaces. Steve Blazekovic, Director of the NHF and President of the land-owning entity Alcanzable Inc, is listed as the applicant.

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