GFO Investments and InSite Group, in partnership with Atlas Hill Real Estate and Prime Finance, have completed the acquisition of Fort Lauderdale’s Galleria Mall, marking the beginning of a major transformation for one of the city’s most recognizable retail and dining destinations.
Developer American Land Ventures intends to move forward with a multi-family project that would offer some affordable housing in Sarasota.
A Coral Gables-based developer has proposed Dr. Marvin Dunn Manor, an affordable multi-family housing community in Miami-Dade County. Proposed by Stone Soup Development, the venture would measure seven stories above grade.
Shelton, a Turkey-based developer with completed projects in Bodrum and Ankara, is planning its first U.S. venture in North Miami. The project, called Shelton Miami, is proposed for 1998 NE 135th Street along Little Arch Creek and will rise 11 stories with 18 residential units. Designed by Kobi Karp Architects, the building will stand 121 feet tall and introduce large-format residences to the area.
Miami-based Related Group has secured funding for Residences at Marina Village, an affordable housing development in Riviera Beach. The $92.6 million in financing came from three entities: Manufacturers and Trusters Trust Co., the Florida Housing Finance Corp, and Bank of New York Mellon Corp.
