Construction continues on Camino Square, a $69 million mixed-use venture in Boca Raton, Florida. The development will reach completion in two phases. The first phase will offer 350 apartments in two eight-story buildings. The homes will measure 700 square feet to 1,500 square feet each.
Anthology Senior Living is opening a facility in Boynton Beach, Florida. The development started construction in 2021, with CA Ventures operating as the general contractor. It could open in the first quarter of 2023. The $22.7 million venture will offer “unrivaled hospitality accommodations and care” to older adults in need of assisted living and memory care services.
Great Neck, NY-based real estate investment and development firm Namdar Group has secured $195 million in acquisition and construction funding for Namdar Towers, two residential buildings of 41- and 43-stories planned for 222 Northeast 1st Avenue in Downtown Miami. The loan came from an affiliate of New York’s Slate Property Group – SCALE Lending – brokered by associates of Greystone Capital Advisors. Plans for the residential project include 1.2 million square feet of space with 1,354 residential units between both towers.
Harbor Grove Apartments has recently finished construction in Stuart, Florida. The $28 million multifamily housing complex offers more than 320 apartments, measuring 618 square feet to 874 square feet each. Apartments.com notes that layout plans comprise one-bedroom to two-bedroom homes. Rent begins at $1,925 a month, although this could change with time.
The Federal Aviation Administration (FAA) has issued building permits for twin 485-foot-tall residential towers at 1900 Biscayne Boulevard in Edgewater, Miami. The developer behind the efforts is Kushner Companies, who’s developing both of these towers along with a third tower at 2000 Biscayne Boulevard, collectively known as the Edgewater Collective. The FAA approved building permits yesterday, and will be valid for the next 18 months. Plans for the Edgewater Collective include 1,265 residential units and 24,000 square feet of retail space across three towers.
