Construction Starts on ‘Mosaic Palms’ at 7376 Lyons Road, Boynton Beach, FL
Construction has started on the Mosaic Palms apartments in Palm Beach County. Delray Beach-based Akel Homes is operating as both the developer and general contractor.
Residential
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Faena Unveils a New Cultural District in Miami with a Landmark Riverfront Residential Project
Faena, in partnership with Fortune International Group and KAR Properties, is expanding its renowned brand to the heart of Miami by creating the Faena District Miami River. Set at 90 Southwest 3rd Street, this multi-phase cultural district will be located within the only 14-acre private park along the Miami River. Anchored by Faena Residences Miami, this transformative development promises to elevate Miami’s skyline and redefine the area with its blend of culture, art, and luxury living.
1950s-Era Hotel to be Replaced With 13-Story High-Rise at 301 Ocean Dr., Key Biscayne, FL
Silver Sands Beach Resort in Key Biscayne, FL, will soon be replaced with a luxury condominium. Miami-based Terra recently secured approval from city officials, greenlighting a project that would replace the 1950s-era hotel with a 13-story tower.
Weeklong Foundation Pour Completed for The Ritz-Carlton Residences, Estero Bay Lagoon
London Bay Development Group has completed a significant phase in the construction of The Ritz-Carlton Residences, Estero Bay, with the completion of a weeklong foundation pour for the project’s lagoon. This process required 115 trucks, 1,460 tons of concrete, and 152,304 pounds of rebar, marking the largest ground-level pour the company has undertaken to date. The development’s one-acre lagoon will be a central feature of the project. Designed with Balinese-inspired pavilions, the lagoon will provide lounging, sunbathing, and dining areas. The 22-story dual-tower development within a 500-acre nature preserve in Bonita Springs has reached over half a billion dollars in total sales.
13-Story ‘Traditional Condo’ Could Replace Closed Truist Bank at 2501 Galiano St., Coral Gables, FL
The Coral Gables Development Review Committee will review plans for a high-rise mixed-use project. Proposed by 2501 Galiano Street Holdings LLC, the 13-story building would comprise 98,335 square feet of new construction and feature 93 units.
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