The Gulfstream Hotel’s renovation and expansion are just one step closer to reality, with construction having already started on the first phase. Our sources indicate that the historic hotel, erected in 1925, was mostly “gutted” for the past few years.
Related Group and GTIS Partners have secured a $328 million construction loan for the Baccarat Residences Miami, a 75-story luxury condominium tower at the gateway of Brickell Avenue. The financing, arranged by Berkadia South Florida, supports the development of the 848-foot-tall skyscraper, which is currently under construction at 99 Southeast 5th Street and is expected to be completed in early 2028. Over 95 percent of the residences have been sold since the launch in late 2021. John Moriarty & Associates is the general contractor.
Dunedin’s city commission is scheduled to hear a proposal for a mixed-use project on April 4th and May 2nd. The project already received approval from the city’s Local Planning Agency.
Pinellas Park is getting a new housing development. Townes at Bayou Heights is a gated 32-townhome development, offering residences measuring 1,801 square feet to 2,466 square feet each.
Marius Fortelni, founder and CEO of Forté Development, has announced Interiors by Steven G. as the interior designer for Forté Luxe, a luxury boutique waterfront community located at 12450 Crystal Cove Place, Jupiter, Florida. The community will feature 15 multi-level residences on a peninsula, surrounded by the Intracoastal Waterway on three sides. Forté Luxe is scheduled for completion in Q2 2025 and will offer views reminiscent of the cobalt blue waters in the Bahamas. The price range for these residences is set from $4.35 million to $8 million.
