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