The COVID-19 pandemic has increased demand for hotel rooms in South Florida, with close to 5,000 new rooms opening by 2026. One of the planned hotels is Collins Park Miami, a multi-building venture that will comprise 172,000 square feet.
Corporate Realty’s got big plans for an assisted living facility in Davie, Florida. Construction on the $30 million venture could start in July 2023. Upon completion, it’ll offer more than 40,000 square feet of new construction, featuring a four-story assisted living facility and a three-story medical office building.
South Florida-based Affiliated Development and the City of West Palm Beach are joining forces to develop The Spruce, an 8-story, 270-unit apartment building featuring 2,330 square feet of retail space for a café and garage parking. The West Palm Beach City Commission recently approved a site plan review that endorses a partnership agreement between the City’s Housing & Community Development department and the locally-based developer for workforce housing incentives. As part of this collaboration, the developer will benefit from $2.5 million in grant proceeds dispersed over a three-year period, in addition to fee waivers and reductions offered by the department.
Cigar Lofts at Albany will comprise 21 apartments, along with 10 townhomes south of the property. Our sources report that these townhomes will range from 2,000 square feet to 2,400 square feet.
Miami’s skyline is set to gain its first supertall tower with the development of the 100-story Waldorf Astoria Hotel & Residences, following a recent agreement between the School Board of Miami Dade County and the project’s developers. According to county records, the deal, entered on December 5, 2022, and recorded on March 6, will enable the construction of the 1,049-foot supertall tower at 300 Biscayne Boulevard. The School Board had previously authorized the agreement on October 19, 2022.
