Residential

Developers Acquire 26-Acre Development Site For Planned $120 Million Class-A Residential Community In Cape Coral

8:00 am on August 13, 2022 By Oscar Nunez

West Palm Beach-based real estate developer Shoreham Capital, in partnership with Salt Lake City-based Bridge Investment Group and Denver-based Wynkoop Financial, announce the acquisition of a 26-acre development located at 186-264 Tierra De Paz Loops in Cape Coral, Florida. The planned $120 million development, dubbed Siesta Lakes, will be a Class-A residential rental community. Current plans for Siesta Lakes include 412 apartment units comprising one-, two-, and three-bedroom floor plans, with each residence having a private balcony, as well as open concept living areas and high-end finishes. Amenities will include a gym, pool, dog park, pickleball courts, business center, and more. Construction is slated to begin in Q4 2022.

Bocora Apartments Could Start Construction Soon as 6419 Congress Avenue, Boca Raton, Florida

7:00 am on August 13, 2022 By Colt Dodd

Bocora Apartments could soon start construction in Boca Raton, Florida. The $105 million project will offer more than 280,000 square feet of new construction and offer 277 units. The one-bedroom to three-bedroom units will be in an eight-story building, all resting on a 4.1-acre plot.

Site And Soil Permits Filed For One Brickell Tower II At 77 SE 5th Street In Miami

8:00 am on August 12, 2022 By Oscar Nunez

Permits have been filed for site and soil improvements at 77 Southeast 5th Street, where Miami-based Related Group plans on building a 47-story tower residential tower with 506 apartments. Also know as One Brickell Tower II, the 478-foot-tall structure would be one of three to rise within the One Brickell mixed-use development fronting the Miami River. John Moriarty & Associates is listed as the contractor, and the scope of work is estimated to cost $1.5 million. Isley Barajas of the Related Group is listed as the owner/applicant for the permits, filed on August 9, 2022.

Saltaire to Feature 256 Apartments at 3667 US-98, Santa Rosa Beach, Florida

7:00 am on August 12, 2022 By Colt Dodd

Saltaire is a new mixed-use development planned for Walton County, Florida. The $123.9 million venture, located on a 24.5-acre build site, will include 256 apartments. NWF Daily News reports that 88 homes are studio apartments, while the remaining 168 homes will offer more than one bedroom. The homes are spread across multiple low-rise buildings.

Miami-Dade County Releases New Details On MetroCenter, The Redevelopment Of 17-Acres In The Government Center District

8:00 am on August 11, 2022 By Oscar Nunez

Miami-Dade County has initiated a Request For Proposals to enter into a long-term public-private partnership to redevelop 17 contiguous acres of County-owed land within the 28-acre Government Center District in Downtown Miami. The bidding process opened this past Tuesday for the redevelopment project, which the county branded as MetroCenter, and the property comprises 11 primary sites spanning multiple blocks west of the Government Center Metrorail Station and east of the I-95 Expressway. The chosen Master Developer will have the opportunity to lead the development of up to 23.7 million square feet of space which could include anywhere between 6,000 to 8,500 residential units mixed between affordable and market rates, educational facilities, transportation advancements, cultural amenities and open spaces, commercial spaces, hospitality spaces, and retail establishments. These uses would be spread throughout multiple structures that could rise 550 to 770 feet, with the objective of creating a seamless, active, self-sustaining, urban neighborhood.

356-Apartment Complex to Replace Closed Macy’s in Pompano Beach, Florida

7:00 am on August 11, 2022 By Colt Dodd

The Morgan Group, Inc., a Houston-based developer, hopes to turn the Macy’s into a residential housing community. Plans show that developers intend on moving forward with 356 apartments.

Grand Pointe to Offer 189 Rental Units in Gifford, Florida

7:00 am on August 10, 2022 By Colt Dodd

Make no mistake––Grande Pointe and Pointe Grande Apartments are not the same housing community. We recently reported on Pointe Grande Apartments, a multi-family complex offering 300 units in Palm Coast, Florida. Grand Pointe, on the other hand, is a planned housing development slated for Gifford, Florida.

Shoma Group Completes Shoma Village Rental Community In Hialeah, Welcomes It’s First Residents

8:00 am on August 9, 2022 By Oscar Nunez

Miami-based developer Shoma Group completed it’s two-tower multifamily rental community at 445 Hialeah Drive in Hialeah known as Shoma Village. They began welcoming in the first residents to brand new apartments on August 1, with leasing activities managed by KW Property Management & Consulting and the property managed by Shoma MGMT. The development is comprised of two 8-story buildings with 304 residences in a mix of studios, one-, two- and three-bedrooms. 65% of units are already rented and the remaining inventory is expected to be fully leased by the end of summer. Shoma Village was designed by Kendall-based MSA Architects, and Suffolk Construction served as the general contractor along with KD Construction of Florida, LLC as the shell contractor.

Apex Apopka Apartments to Offer 285 Apartments in Apopka, FL

7:00 am on August 9, 2022 By Colt Dodd

Apex Apopka Apartments is presently undergoing site work in Central Florida. The upscale housing development will offer 285 units spread across six four-story buildings. Cision PR Newswire notes that there are 17 different floorplans to choose from, featuring one-bedroom to three-bedroom options. The project is scheduled for completion in early 2024.

New Renderings Showcase Conceptual Design For Acram Group’s Magnolia Tower In Downtown Orlando

8:00 am on August 8, 2022 By Oscar Nunez

New renderings have been unveiled for Magnolia Tower, a 20-story mixed-use highrise proposed for 924 North Magnolia Avenue in the North Quarter District of Downtown Orlando. Designed by Baker Barrios and developed by New York-based Acram Group, formerly JMC Holdings LLC, the project is planned to yield 386 residential units and nearly 35,000 square feet of retail and commercial space within a 220-foot-tall superstructure of three interconnected towers and The development would rise from a 1.67-acre site bound by Weber Street on the north and Pasadena Place on the south. The property is currently home to two office buildings and a surface level parking lot, which would be razed as part of the redevelopment. The project is estimated to cost $96.5 million.

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