Nearly three years after purchasing a 1.86-acre parcel, developers have started construction on Avalon South Miami. The developer secured the build site for $18.95 million and demolished a 20,000-square-foot Winn-Dixie grocery store before breaking ground. 5850 S.W. 73 Street LLC was the seller.
In October 2022, construction wrapped up on Mission Pointe, a 300-unit luxury apartment complex in Orlando, Florida. Now, developers have plans for the development’s second phase. According to GrowthSpotter, plans call for an additional 176 units, bringing the community’s available units to over 400.
Developers hope to get clearance for Hallmark Heritage Evergreen, a $130 million mixed-use development in Daytona Beach, FL. Our sources indicate that the venture would offer homes spread across 10 four-story garden-style buildings on a 19.6-acre parcel.
Edgewood 22, a high-rise residential development, could replace a Midas auto parts store that was built just four years ago. Edgewood 22 LLC, managed by New York-based Nahman Lichtenstein, purchased the .51-acre build site for $6.3 million in 2022. Initially, according to the Real Deal, plans called for 120 apartments in an 18-story building.
Clearwater-based Valor Capital hopes to build two 35-story towers on Florida’s west coast. While in its infancy (and expected to take five years to complete), the development will offer anywhere from 186 to 223 residential units, each with high-end amenities.
