Corradi Construction Group hopes to break ground on the Wesley at Fillmore in Fall 2022. Before construction starts, developers will demolish two single-family homes. The multi-family development, located in Hollywood, Florida, will host 57 apartments in a four-story building. The venture will cost around $10 million to build, and it was designed by Kaller Architecture.
Fort Lauderdale-based BTI Partners and Salt Lake City-based Bridge Investment Group have secured an $83 million construction loan from Canadian Imperial Bank of Commerce for a new 25-story mixed-use development in Downtown Hollywood’s Central Business District. The development site, acquired by the developers in 2021 for $11 million, was once home to the long-neglected and now demolished Hollywood Bread Building. Located at 1727-1745 Van Buren Street, 1700-1716 Harrison Street and 1740-1760 South Young Circle, the redevelopment of the site is an important step in the revitalization of the west end of Downtown Hollywood anchored by the 10-acre ArtsPark at Young Circle. The new development will yield 362 market-rate apartments and about 16,000 square feet of retail space, designed by Adache Group Architects and Modis Architects.
Le Parc at Lauderhill is scheduled to start construction by the first quarter of 2023 and offer units in 2025. The Real Deal reports that the multi-family residential complex will offer 330 units. Of those units, 144 are garden-style units, and 186 are mid-rise apartments. They will be spread across eight separate buildings, measuring three to seven stories above grade.
Permits have been filed for demolition work and tree removal at 6001 Northeast 2nd Avenue, a lengthy 6.11-acre stretch of land located within the confines of the Magic City Innovation District emerging at the borders between Little River and Little Haiti in Miami. The site is located specifically located between Northeast 2nd and 4th Avenues with Northeast 60th Street directly to the south and Northeast 61st Street is the northern most thoroughfare. Plaza Equity Partners is listed as the owner of both permit applications, who is developing the mixed-use community along with investment firms Lune Rouge and Dragon Global. Plans for this particular site include an approved multifaceted 25-story residential tower, currently dubbed Parcel 11, designed by Arquitectonica which includes 522,806 square feet of space including 349 luxury residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces.
Construction on One Park Sarasota is expected to start later this Fall. The multi-million-dollar venture will offer 123 residences with six penthouses. Homes start at $2.8 million. Most units measure 2,760 square feet to 4,280 square feet––and they come fully furnished. The penthouses (each of which offer three bedrooms) measure 5,500 square feet to 8,460 square feet.
