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Prosper Group and Versluys Group have closed on a three-parcel waterfront assemblage in Brickell for $50 million, advancing plans for a proposed 60-story luxury residential tower along the Miami River. The approximately one-acre assemblage, w which includes 66 SW 6th Street, 625 SW 1st Avenue, and a riverfront parcel that was previously a part of 99 SW 7th Street that has yet to be assigned an address, was acquired from Two Roads Development and Newgard Development Group. Miami-based Vaster provided a $30.5 million acquisition loan for the transaction.

Construction has started on a 417,00-square-foot multi-family housing project in Orlando. The project intends to deliver market-rate rentals to young professionals and small families.

Habitat for Humanity Tampa Bay Gulfside has plans for an affordable housing development in St. Pete. The venture is named for the now-demolished St. Bede Episcopal Church, which was constructed in 1952 and later demolished in 2023.

Construction is progressing on Mr. C Hotel & Residences West Palm Beach, a 27-story mixed-use tower at 320 Lakeview Avenue in Downtown West Palm Beach. Designed by Arquitectonica with interiors by Meyer Davis and developed by Terra and Sympatico Real Estate, the development will yield 110 hotel suites and 146 branded residences, including a collection of turnkey, move-in-ready resort residences. KAST Construction is the general contractor.

Developer Atlantic Pacific Companies has plans for an affordable housing project. The venture would be part of the multi-million-dollar renovation of the Arthur & Polly Mays Conservatory of the Arts, a 6-12 magnet school.