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Local developers have proposed a multi-family housing development for Miami’s Goulds neighborhood.

South Florida-based Cymbal DLT Companies has secured a $27 million refinancing loan for 3452-3470 North Miami Avenue, a 25,000-square-foot existing mixed-use retail and office building located in Midtown Miami. Linkvest Capital provided the refinancing through its lending affiliate LV Lending, a Miami-based private lender specializing in bridge financing for commercial and residential investments. Cymbal DLT utilized this financing to repay an existing $19 million loan previously issued by New Wave in 2022.

Chicago-based 2455 Polk LLC has proposed a low-rise housing development in Broward County. Current plans call for a four-story development with 30 units, including one-bedroom and two-bedroom floorplans. The average residence will measure 735 square feet.

Construction recently reached a significant milestone at One Park Sarasota, an 18-story luxury condominium nestled within The Quay and the coveted Downtown Sarasota Waterfront District, with the successful completion of its official foundation pour. Led by the general contractor, Juneau Construction Company, the foundation work commenced on April 8 at 5:45 a.m. and was completed by noon. The pour activity involved 98 concrete trucks delivering and pouring approximately 970 cubic yards of concrete.

Pine Island Park, located in Sunrise, would comprise 120 homes. For a project to be considered under the Live Local Act, at least 40 percent of the units would have to be reserved for those earning up to 120 percent of the area median income (AMI); every home at Pine Island Park would be deemed affordable.