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Abbott M 6945 intends to move forward with a boutique hotel that would replace a smaller, 11-room hotel in Miami Beach.

Newgard Group and Two Roads Development have secured $513 million in construction financing for One Brickell Riverfront, a mixed-use condominium development underway along the Miami River in the Brickell Financial District. The financing package, one of South Florida’s largest residential construction loans of the year, was structured with $370 million in senior financing from an undisclosed private lender and a $143 million mezzanine loan originated by 3650 Capital.

An affiliate of Abacus Group has resubmitted plans for a mid-rise apartment in Tampa’s Ybor Heights.

Construction has topped off at 600 Miami Worldcenter, a 32-story condominium tower located at 600 NE 1st Avenue within the $6 billion, 27-acre Miami Worldcenter master plan in Downtown Miami. Designed by Revuelta Architecture International and developed by Merrimac Ventures and Aria Development Group, the fully sold-out project will deliver 606 turn-key residences with no rental restrictions and is on track for completion in 2026. Beauchamp Construction serves as the general contractor.

A new mid-rise hotel could meet the demand for tourist accommodations in Miami’s Calle Ocho corridor.