Demolition has started on the Naples Beach Hotel, a historic property dating back to the 1940s. In its place will be a new venture called the “Naples Beach Club Hotel.” It’s under the Four Seasons brand and will offer 216 hotel rooms and more than 150 condos.
Brooklyn, New York-based BridgeCity Capital is providing $35.5 million in financing to Miami Beach-based JP Roosevelt to begin construction on 42 Pine, an 8-story boutique condominium building envisioned for 340 West 42nd Street between Sheridan Drive and Pine Tree Drive in Nautilus, Miami Beach. The project is designed inside and out by Arquitectonica with landscaping by ULU Studio and offers 50 well-appointed residences spanning 700 to 2,700 square feet, ranging between 1-to-3 bedroom residences and penthouse units. Sales launched just over a month ago, and has already reached the 50% sold mark. Units are priced from $700,000 to $4,000,000 with sales and marketing exclusively handled by Mushka Jacobson of Douglas Elliman.
Construction is ongoing on Altis Santa Barbara, a luxury housing development in Naples, Florida. The venture will require more than 160,000 square feet of new construction, with Heatherwood Construction Company (the general contractor) having started sitework in Spring 2022. Buildings in the community will measure one to five stories above grade.
Osceola County recently approved a new housing development. Whaley Platt Development will comprise 2,818 units, ranging from townhomes to single-family residences. WESH2 notes that 1,825 units will be single-family detached homes with garages.
In early 2021, developers received permission from the Miami Beach Historic Preservation Board to start construction on a new high-rise venture. Per the Real Deal, the 221-foot-tall tower will offer 56 hotel rooms and 23 luxury condos.
