Our sources note that developers secured a $340 million construction loan for the Ritz-Carlton Residences, Palm Beach Gardens. The 11-acre venture will offer three-bedroom to five-bedroom units, measuring about 2,700 square feet to 5,000 square feet each.
Miami-based developers Royal Palm Companies and ILP Developers celebrate the topping off of Elevate Apartments, a 293-unit multifamily project at 600 East Dania Beach Boulevard in Dania Beach. Designed by NMD Nomadas with De Los Reyes Engineering Inc. as the structural engineer, the 8-story, 503,924-square-foot project will feature a mix of studio, one-, two-, and three-bedroom residences ranging from 700 to 1,000 square feet, and amenities such as a pool with sundeck, fitness center, coworking space, water sports equipment storage, and structured parking. Architectural Alliance Landscape is the landscape architect. Suffolk Construction is the general contractor.
Red Apple Real Estate has secured $252 million in financing for The Residences at 400 Central, a 46-story mixed-use building under construction at 400 Central Avenue in downtown St. Petersburg. Designed by Arquitectonica with WSP as the structural engineer and featuring interiors by Celano Design Studio, The Residences at 400 Central will become the tallest building in the city and on the gulf coast at approximately 515 feet, yielding 1.3 million square feet of space including 301 luxury condominiums with views of Tampa Bay and the Gulf of Mexico, retail and restaurant space, and upwards of 40,000 square feet of Class A office space. Suffolk Construction is the general contractor for the project, which is scheduled to go vertical in March 2023.
YIMBY recently stopped by The Tampa EDITION Hotel & Residence, a 27-story mixed-use building at the recently completed first phase of Strategic Property Partners’ 56-contiguous-acre Water Street Tampa mixed-use development, addressed as 500 Channelside Drive (Hotel) and 1000 Water Street (Residence). The project was designed by Morris Adjmi Architects alongside Nichols Architects as the architect of record and contains 38 luxury residences and a 5-star, 172-key hotel with interiors appointed and curated by Roman and Williams via Ian Schrager’s EDITION luxury lifestyle brand. Suffolk Construction served as the general contractor for the 319-foot-tall tower, which completed construction earlier this year.
Foundation work has begun for The Residences at 400 Central, a 46-story mixed-use building at 400 Central Avenue in Downtown St. Petersburg. Slated to become the city’s tallest building, the 515-foot-tall structure is designed by Miami-based Arquitectonica with interiors by Celano Design Studio and is being developed by New York City-based Red Apple Real Estate, led by John Catsimatidis. The project will yield 1.3 million square feet of space including 301 residential units, 35,000 square feet of indoor and outdoor amenities, retail and restaurant space, Class A office space, and a rooftop observatory with a view from Tampa Bay to the Gulf of Mexico. This first stage of foundation construction is expected to be completed in the next few months, and vertical constriction is expected to begin in early 2023.
