Residential

Prima Luce To Offer 220 Luxury Residences at 2631 1st Street, Fort Myers, Florida, 33961

7:00 am on April 1, 2022 By Colt Dodd

Prima Luce is continuing construction in Fort Myers, Florida. Upon completion, the $127 million luxury complex will offer homes starting in the low $300,000s.

The Motor Enclave To Start Construction in April 2022 at 6551 Eureka Springs Road, Tampa, Florida, 33610

7:00 am on March 31, 2022 By Colt Dodd

The Motor Enclave in Tampa, Florida, is presently undergoing construction. The Tampa Bay Business Journal reports that the 200-acre site will sit by the Tampa Executive Airport. Upon completion, the luxury development will offer 300 units, starting at around $280,000 each.

Related Companies Applies For Two Tower Cranes At 575 South Rosemary Avenue In West Palm Beach

8:00 am on March 30, 2022 By Oscar Nunez

The Federal Aviation Administration received applications for permits to assemble two towers cranes for the construction of 575 Rosemary, a 21-story mixed-use tower to be developed at 575 South Rosemary Avenue in West Palm Beach by New York’s Related Companies, encompassing over 500,000 square feet of new construction including 364 state-of-the-art luxury residences, ground floor commercial space and parking. The project is designed by Boston-based Elkus Manfredi Architects and Omaha-based Leo A. Daly with Meyer Davis leading interior design. The new structure will rise in the heart of The Square, an upscale Mediterranean and Venetian-themed mixed-use complex owned by Related, offering residents easy access to the best of West Palm Beach’s local arts, culture and wellness programming, as well as entertainment and shopping corridors in the downtown area.

Valhalla Island Resort To Begin Construction in Marathon, Florida

7:00 am on March 30, 2022 By Colt Dodd

Valhalla Island Resort will start construction in April 2022, records show. The 26-acre mixed-use venture in Marathon, Florida, will comprise a three-story 29-room resort and 50 residential units. It’s owned by Johnny Morris, the founder of Bass Pro Shops.

Naftali Group Closes On 1.3-Million-Square-Foot Miami Worldcenter Site With Plans to Build Two Supertall Residential Skyscrapers

8:00 am on March 29, 2022 By Oscar Nunez

New York-based developer, Naftali Group, a leading privately held global real estate development and investment firm, recently announced it has closed on a development site allowing 1.3 million square feet of new construction at 1016 Northeast Second Avenue in Miami Worldcenter, which spans 27 acres near Downtown Miami and is the second largest active private development in the United States with $4 billion in total investments. Naftali, in partnership with Cara Real Estate Management, purchased the site for $40.5 million. Mika Mattingly, Executive Managing Director at Colliers’ Urban Core Division, represented both Naftali, and Akara Partners, the seller, in the off-market transaction. According to a press release, the developer is planning to construct two supertall residential towers, which would be the first for Miami Worldcenter. Pre-sales for 1016 Northeast Second Avenue are slated for the end of this year.

Aurora St. Leon Apartments Planned for 2211 Northwest 21st Street, Ocala, Florida, 34475

7:00 am on March 29, 2022 By Colt Dodd

Aurora St. Leon Apartments is unfolding in Ocala, Florida. Records show that the multi-family housing development will offer 277 apartments, ranging from one-bedroom to three-bedroom layout plans. There will be 10 different floor models to choose from. Originally, the development was called “Bel Canto.”

Culmer Place To Offer Affordable Housing Units at 800 Northwest 5th Avenue, Miami, Florida

7:00 am on March 28, 2022 By Colt Dodd

Atlantic Pacific Communities has plans for a $28 million affordable housing complex in the Overtown Miami area. It’s called “Culmer Place.”

First Look Inside The Standard Residences In Midtown Miami

8:00 am on March 27, 2022 By Oscar Nunez

Rosso Development and Midtown Development reveals interiors for the first ever The Standard Residences, a 12-story mixed-use development planned for 3100 Northeast 1st Avenue in Midtown, Miami. Designed by international architecture firm Arquitectonica with interiors by Urban Robot Associate, the project will yield 228 move-in ready residences while simultaneously allowing flexible short-rental programs with 30-day minimum stays up to 12 times per year, as well as 34,000 square feet of amenities and 10,000 square feet of ground floor retail.

Park Partners Residential And Independencia Asset Management Acquire 280-Unit The Commons And Plan $58.5 Million Renovation

8:00 am on March 26, 2022 By Oscar Nunez

Park Partners Residential, owner and operator of value-add and luxury multifamily apartment communities, and Independencia Asset Management have completed the $77,750,000 acquisition of The Commons, a multifamily residential community addressed as 8050 Gables Commons Drive in Orlando. The 19.28-acre property is located south of Little Lake Bryan Parkway and is east of Vineland Avenue and Interstate-4, just minutes away from Orlando Vineland Premium Outlets. Los Angeles-based Ares Management provided the funds for the purchase, which was brokered by Jubeen Vaghefi, Denny St. Romain and Charles Crapse of Cushman Wakefield. The newly formed joint venture between Park Partners Residential and Independencia Asset Management received a $58.5 million construction loan from American Real Estate Capital to fund an extensive renovation of the property’s 280 units, clubhouse and amenity spaces.

Oakley Square Apartments Undergoes Construction at 7960 Merchants Way, Jacksonville, FL, 32222

7:00 am on March 26, 2022 By Colt Dodd

Oakley Square LLC began construction on Oakley Square Apartments in the first quarter of 2022. The $22 million project will offer 312 residential units comprising more than 77,000 square feet of new construction. The Jacksonville Business Journal noted that the project needed 16 permits to be approved.

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