Residential

Hines Acquires Life Time Living-Branded 495-Unit Gables Station Residential Complex In Coral Gables

8:00 am on September 5, 2022 By Oscar Nunez

Hines Global Income Trust (HGIT), an investment arm of global real estate firm Hines, acquired Gables Station, a 14-story multi-family complex designed by Gensler and located at 225 South Dixie Highway in Coral Gables, for $430 million. The development, which completed construction last year, features 495 Life Time Living® residences. This acquisition is the second largest single-asset multifamily sale in South Florida, reaffirming HGIT’s and Hines’ bullish stance on the future of the market. Since the pandemic, Hines has committed approximately $1.8 billion across three prime developments and acquisitions in South Florida. Willowick Residential, Hines’ boutique multifamily property management firm, will assume the role as property manager for the asset.

Construction Continues on Two DR Horton Properties in Homestead and Stuart

7:00 am on September 5, 2022 By Colt Dodd

Preserves at Park Trace is unfolding in Stuart, Florida. The $44.6 million housing development will offer more than 100 single-family units on a 97-acre lot. Options comprise five floorplans, ranging from two-bedroom to five-bedroom options.

Finvarb Group Proposes 5-Story Mixed-Use Development For 1790 Alton Road In Miami Beach

8:00 am on September 4, 2022 By Oscar Nunez

Plans have been filed for a mixed-use project at 1790 Alton Road in South Beach, Miami Beach. The scope of work includes a new construction building of 5-stories set to occupy an irregularly shaped 0.237-acre land parcel nestled between 18th Street and Dade Boulevard, beside an Office Depot supply store and across the street from the Kimpton Hotel Palomar South Beach. Plans for the 79-foot-tall structure calls for 34,679 gross square feet of space including 12 residential units, 2 distinct restaurants and 19 parking spaces. Finvarb Group under the Sobe 18 LLC is the developer and owner of the application, which is scheduled for review by the city’s Design Review Board on October 4, 2022.

The Cove at 47th to Offer 327 Luxury Apartments at 870 Southeast 47th Terrace, Cape Coral, Florida, 33904

7:00 am on September 4, 2022 By Colt Dodd

Construction on the Cove at 47th started in August 2022. Flaherty & Collins Properties Inc. is the developer. On its website, the organization noted that plans call for 327 luxury apartments. Layout plans range from studios to two-bedroom units.

Canvas City Homes to Offer 10 Three-Story Townhomes at 2700 5th Avenue South, St. Petersburg, Florida, 33712

7:00 am on September 3, 2022 By Colt Dodd

Developers are moving forward with Canvas City Homes, a planned townhome community in St. Petersburg, Florida. The homes are described as “modern” and “industrial.” Upon completion, the venture could offer 10 three-story units. St. Pete Rising notes that the complex could finish construction in late 2023 or early 2024.

Wynwood Haus Tops Out At 1765 N. Miami Avenue In Miami’s Wynwood Arts District

8:00 am on September 2, 2022 By Oscar Nunez

Construction continues to progress on Wynwood Haus, a 20-story mixed-use development located at 1765 North Miami Avenue that just recently topped out in Miami’s Wynwood Arts District. The 222-foot-tall structure is designed by a Corwil Architects with landscaping from Enzo Enea, and developed by a joint venture partnership between Lineaire Group, Black Salmon Capital and Bridge Investment Group. 224 rental units will come in studios, one and two bedrooms floor plans ranging from 394 to 945 square feet, accompanied by amenities, a 222-vehicle parking garage and 5,500 square feet of ground floor commercial space.

Twisted Oaks to Offer More Than 1,200 Homes in Wildwood, FL

7:00 am on September 2, 2022 By Colt Dodd

Twisted Oaks development is a new housing complex coming to Wildwood, Florida. The $550 million venture could start construction in the first quarter of 2024. Villages-News reports that the development will feature 1,260 homes on a 387-acre plot.

Lynd Living Acquires One Of The Last Remaining Development Sites At Miami Worldcenter

8:00 am on September 1, 2022 By Oscar Nunez

One of the last remaining vacant development sites in the 27-acre Miami Worldcenter master-planned district, a 20,600-square-foot assemblage at the southeast corner of North Miami Avenue and Northeast 10th Street, traded hands for $30 million. The previous owner, IRR Parkwest Investments LLC – headed by Marc Roberts, sold the 0.47-acre site to 925 N Miami LLC, an affiliate of San Antonio, TX-based Lynd Living (Lynd). A $22.75 million land acquisition loan was arranged by Concord Summit Capital, LLC for the property, alternatively referred as Block 23, which occupies the northeast frontage of North Miami Avenue between Northeast 9th and 10th Streets

Related Group’s Manor At Miramar Tops Off At 1 Main Street In The Heart Of Miramar

7:30 am on September 1, 2022 By Oscar Nunez

Manor at Miramar, an 8-story mixed-use project under construction a 1 Main Street, has topped off in the heart of Miramar, FL. Designed by Stantec and developed by Related Group, the development will offer 393 residential units, a 655-space parking garage and 28,000 square feet of ground-level retail space. Current Builders, led by CEO Michael Taylor, is the general contractor for the project, which is slated for completion in Q3 2023.

Sandpiper Glen, a Senior Housing Development, Slated for 8890 Donnybrook Drive, Orlando, Florida

7:00 am on September 1, 2022 By Colt Dodd

Sandpiper Glen, an affordable senior housing development, is slated for Orlando, Florida. Groundbreaking happened earlier this month. The development will offer 288 units, ranging from 630 square feet to 1,286 square feet each. Future residents can choose from one-bedroom to three-bedroom floorplans.

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