Construction has been completed on the expansion of 350 Gills Drive, an industrial facility developed by Mapletree Investments in Orlando. The newly delivered addition totals 53,995 square feet and brings the overall building footprint at the site to 204,595 square feet.
North Beach Town Center Development LLC, an affiliate of Pacific Star Capital, has secured a $94 million construction loan for 71 NoBe in Miami-Dade County. The acquisition has brought the anticipated Class A project closer to its 2027 completion.
Property Markets Group has secured a $115 million construction loan for Sage Intracoastal Residences Fort Lauderdale, a 28-story boutique condominium tower currently under construction along the Intracoastal Waterway. The project, which recently broke ground, is located at 900 Intracoastal Drive and is scheduled for completion in late 2027.
Affiliates of Gencom have reacquired a majority ownership interest in The Ritz-Carlton Coconut Grove, a 21-story, 115-key hotel located at 3300 SW 27th Avenue in Miami’s Coconut Grove neighborhood. The transaction marks Gencom’s return as majority owner of the property, which it previously controlled through a joint venture prior to selling a majority stake in 2017.
As it stands, the two-story Avana Palm Beach Gardens hosts 448 apartments on a 44.3-acre site. Now, Greystar wants to rezone 9.4 acres on the site’s southern side from “residential medium” to residential high,” allowing for the construction of more apartments.
