Old Town Square II Planned for 2026 Completion at 217 NE 3rd Street, Pompano Beach, FL
Our sources indicate that Pompano Beach-based Cavache Properties has secured approval for its second Old Town Square project in South Florida.
Residential
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690-Unit Dolphin Square Planned for 1556 NW 110th Avenue, Miami, Florida
In August 2023, Coastal Residential purchased a 7.8-acre build site for $38 million from Procacci 1400 LLC––about $4.82 million an acre. Google Earth shows that the parcel is currently vacant.
Construction Commences on The CenterPointe at 425 CenterPointe Circle, Altamonte Springs, FL
Construction commenced on The CenterPointe, a luxury housing complex, right before the start of the new year. The complex will offer 401 Class A residences. The seven-story building will rest on a 4.3-acre build site. It will also host a two-story parking garage.
CMC Group Lands $239 Million Construction Loan For Vita at Grove Isle Condo At 5 Grove Isle Drive In Miami
Miami-based CMC Group, led by real estate developer Ugo Colombo, has obtained a $239 million construction loan from Bank OZK to develop Vita at Grove Isle. This luxury condominium project, currently under construction at 5 Grie Isle Drive on the private island of Grove Isle, near Miami’s Coconut Grove, will consist of a seven-story building with 65 waterfront residences, each boasting panoramic bay views and high-quality finishes. The project, which broke ground in April 2023, is progressing with vertical construction and is slated for completion by late 2025.
The 1000 Marina Mile Apartments Proposed for 1000 W. State Road 84/Marina Mile, Fort Lauderdale, FL
Karu, an 8,380-square-foot nightclub in Miami, could be replaced with a high-rise complex. The 1000 Marina Mile Apartments would rise 15 stories above grade, offering 283 units and requiring more than 515,000 square feet of new construction.
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