Residential

FAA Approves 637-Foot Height for Edge House Miami at 1825 Northeast 4th Avenue in Edgewater, Miami

8:00 am on August 25, 2024 By Oscar Nunez

The Federal Aviation Administration (FAA) has approved the height for Edge House Miami, a new 57-story condominium tower planned at 1825 Northeast 4th Avenue in Miami’s Edgewater neighborhood. According to an FAA determination letter issued on August 19, the tower can rise 637 feet above ground or 641 feet above sea level. Designed by Kobi Karp Architecture & Interior Design with interiors by Adriana Hoyos Design Studio and developed by Grupo T&C, a prominent developer from Peru, the 734,644-square-foot development will offer around 600 fully finished and furnished residences ranging in size from 375 to 1,242 square feet and include studio, one-bedroom, one-bedroom plus den, and two-bedroom layouts. Features of the units include nine-foot-high ceilings, floor-to-ceiling windows, and, in select residences, private outdoor terraces.

Construction Starts on 211-Unit ‘The Whitt’ in Riverview, FL

7:00 am on August 25, 2024 By Colt Dodd

Last week, construction started on The Whitt, a multi-family housing development in Riverview, FL. Featuring 211 one-bedroom to three-bedroom residences, the venture will offer apartments divided between three four-story, woodframed buildings.

Doral Approves Mixed-Use Development with 552 Units and Retail Space at Midtown Doral in Miami

8:00 am on August 24, 2024 By Oscar Nunez

MG Developer has received approval from the City of Doral for Doral Parc: Midtown Doral Phase IV, V & VI, a mixed-use development that will include 552 units in three 10-story buildings and 22,740 square feet of retail space in two new parking garages. This project is a joint venture between MG Developer and Latin American entrepreneur Ernesto De Lucas.

Affordable Housing Complex ‘Burlington Post II’ Undergoes Construction at 3295 Burlington Avenue North, St. Petersburg, FL

7:00 am on August 24, 2024 By Colt Dodd

The $30 million second phase of Burlington Post is in the works in Pinellas County. Burlington Post II will offer 75 residences aimed at seniors earning at or below 80 percent of the area median income (AMI).

Site Work Permit Issued for 56-Story ‘Villa Miami’ Condo Tower at 710 Northeast 29th Street in Edgewater

8:00 am on August 23, 2024 By Oscar Nunez

Miami’s Building Department has issued a site work permit for Villa Miami in Edgewater, marking a significant step forward in the development process. The permit, issued on August 2, comes with a revision filed on the same day and allows for excavation, piles, site improvement, and soil improvement. Moss & Associates is listed as the contractor on the permit, covering 22,000 square feet of work at a cost of $66,000. An application for a master construction permit is also in progress, detailing a 358,944-square-foot building with 7,723 square feet allocated for a restaurant and 351,221 square feet for residential space at an estimated cost of $62,817,300 is also in progress. A seawall permit with Ebsary Foundation Company as the contractor, valued at $480,000, is also under review.

High-Rise Hotel Proposed Near WDW at 13651 S. Apopka Vineland Road, Orlando, FL

7:00 am on August 23, 2024 By Colt Dodd

A high-rise hotel known as “MB Resort” could take shape near Walt Disney World Resort. Our sources indicate that current plans call for a 19-story tower overlooking Lake Bryan to the east. The tower would measure 200 feet above grade, offering 199 rooms.

$8.36M Bridge Loan Secured for Condo-Hotel Development in Miami’s Arts & Entertainment District

8:00 am on August 22, 2024 By Oscar Nunez

Forman Capital has issued an $8.36 million pre-development bridge loan secured by a residential development site along North Miami Avenue in Miami’s Arts & Entertainment District. The borrower, Royal Palm Companies (RPC), led by Dan Kodsi, plans to develop a 40-story condo-hotel on the properties, likely under the Elevate brand. The transaction was finalized on August 16, with Chief Investment Officer and Partner Scott Mehlman, along with Vice President Ty Regnier, closing the financing on behalf of Forman Capital.

‘The Adderley’ Nears End of Construction at 9300 North Nebraska Avenue, Tampa, Florida

7:00 am on August 22, 2024 By Colt Dodd

The Adderley, an affordable housing development in Tampa, has nearly finished construction and will welcome residents in late September. Construction began on the venture in March 2023, a partnership between Blue Skies Communities and the City of Tampa.

Miami Blue Lagoon Development Site Slated for Auction Following Foreclosure Ruling

8:00 am on August 21, 2024 By Oscar Nunez

A development site in Miami’s Blue Lagoon area, previously approved for apartments and a hotel, is now facing foreclosure and is set to be auctioned due to a $17.9 million lawsuit. Miami-Dade County Circuit Court Judge Thomas J. Rebull granted the foreclosure judgment on August 10 in favor of TIG Romspen US Master Mortgage against 7 at Blue Lagoon LLC and loan guarantor Caroline Weiss. The judgment is tied to a loan with $13.2 million in outstanding principal and additional interest and fees. The court found that the borrower failed to repay the loan by its maturity date on October 1, 2022, and neglected to pay real estate taxes from 2020 to 2022.

Affiliate of Gables Residential Proposes Community for 250 Racquet Club Road, Weston, FL

7:00 am on August 21, 2024 By Colt Dodd

The Weston City Commission heard the proposal for Gables Weston on August 19th, where an affiliate of Atlanta-based Gables Residential wanted to have the parcel rezoned from high-rise multi-family to planned development district.

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