Construction is expected to start on the Stellar Central Park later this summer. Stellar Communities, the owner and general contractor, plans on building the luxury rental community in Port Saint Lucie, Florida. There will be 158 homes to choose from, with three different layout plans.
National investment, development, and asset management firm Property Markets Group (PMG), and Sentral, the rapidly expanding prop-tech company creating the world’s largest flexible living community, announced a partnership to develop a two-phase, 803-unit multifamily community with more than 15,000 square feet of retail space in the heart of Miami’s Brickell neighborhood. The acquisition of the site at 130 Southwest 8th Street will mark Sentral and PMG’s first partnership, as well as Sentral’s first purpose-built development as part of the brand’s national expansion. Phase one includes a 550-foot-tall, 46-story tower with 570 units and will break ground in late 2022, with completion slated in late 2024. Phase two will include a 380-foot-tall, 31-story tower with 233 units.
Seagate Development Group LLC will start construction on Palisades this fall. The multi-million-dollar venture (located in Naples, FL) will offer 25 luxury homes in a 12-acre community. Per Naples Daily News, residents can choose from six customized floor plans. Palisades will be a large version of Windward Isle, a similar-sized development that the owner is also working on.
Lennar Homes hopes to move forward with a new housing development in Homestead, Florida. Meet Altimira. The multi-million-dollar community will offer more than 1,000 homes, including villas, single-family homes, and townhouses.
Trez Capital, a private real estate lender helping to build better communities across North America, funded a $19,050,000 construction loan for The Residences at Town Center, a 5-story boutique luxury condominium project that will rise on the Intracoastal Waterway at 400 150th Avenue in Madeira Beach. The project is the second phase of a broader plan envisioned by the developer. In 2021, Trez Capital closed a $15.61 million construction loan for the first phase, a 38-unit residential project, The Harbor at Town Center, which is 100% sold out and scheduled for delivery to buyers later this summer.
