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Related Ross has closed on a $157 million construction loan for Shorecrest, a 28-story waterfront condominium tower planned for 1865 North Flagler Drive in West Palm Beach. Construction financing was provided by GoldenTree Asset Management. With the loan secured, demolition and site preparation are set to commence, with vertical construction anticipated to follow. Completion is projected for 2027.

Podium construction has topped out at JEM Private Residences, the 67-story condominium tower under development by Naftali Group at 1016 NE 2nd Avenue in Downtown Miami. The milestone marks the completion of the building’s 11th floor within Miami Worldcenter and signals the transition to full vertical construction of the residential tower above.

Construction has topped off on phase one of The District in Davie at 4803 South State Road 7 in Davie, Florida, marking the placement of the final structural beam and completion of the phase’s primary framework. The $1 billion, 2.8 million square foot mixed-use development is being developed by El-Ad National Properties and designed by Cooper Carry. Promethean Builders LLC serves as the general contractor.

Florida YIMBY has an update regarding an affordable housing development we covered in March 2025. Our report shared that a vacant 4.9-acre site was approved for Olea on 126, a multi-family community in Largo. Now, construction has started on the venture, with completion slated for summer 2027.

New interior details and renderings have been revealed for The Delmore, a 12-story ultra-luxury oceanfront condominium rising in Surfside. The project is being developed by East Oceanside Development, a subsidiary of DAMAC International, with architecture by Zaha Hadid Architects and interiors by HBA Residential, the specialist residential arm of Hirsch Bedner Associates. ODP Architects serves as the architect of record.