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).
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.
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.
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, 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.
