Clearwater, one of Florida’s most coveted places to live, will soon be home to a new affordable housing development. The venture’s located on a 2.35-acre build site. The community will comprise a four-story building with 81 apartments.
Elysian Luxury Apartments is a residential venture offering more than 300 units on a 16.4-acre lot in Horizon West, Florida. The homes will be spread across four four-story buildings, according to Horizon West News & Info.
Urban Network Capital Group (UNCG), led by real estate veteran Robert Thorne, has launched Visions Orlando, a $170 million multi-faceted, mixed-use, wellness-certified, eco-friendly luxury vacation hotel community. The 42-acre, gated-access community is located at 7007 Osceola Polk Line Road in Davenport, Florida, less than 20 minutes from Walt Disney World and surrounded by attraction parks, golf courses, and shopping destinations. Construction of the initial phase of the single-family homes and townhouses is scheduled to begin in Q2 2023, with initial completions in Q2 2024, including the hotel component.
Lotis Wellington I is a mixed-use venture unfolding in Palm Beach County, Florida. The lot was formerly a shell-rock mine, per the Palm Beach Post. The first phase, which is already under construction, will offer 191 market-rate apartments, 150 senior independent living units, and a 110-bed assisted living community.
A joint venture between Miami-based Aria Development Group and Fort Lauderdale-based Merrimac Ventures has acquired the last remaining parcels of land at the 27-acre Miami Worldcenter mixed-use district in Downtown Miami. The 34,800-square-foot assemblage includes a 24,000-square-foot site at 33, 45, and 55 Northwest 6th Street known as The Miami Link, acquired from I L A Employers Welfare Fund SE FL Ports Inc. (International Longshoremen’s Association) for $11 million, and a 10,800-square-foot-site at 600 Northeast 1st Avenue, acquired from Miami SPE LLC for $6.5 million, bringing the total acquisition cost to $17.5 million. The developers are planning a residential condominium tower with over 600 units across as many as 32 floors. Revuelta Architecture International is the design architect, and The Design Agency is handing interior design.
