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Centennial Bank has closed a $34.6 million construction loan for the development of a custom waterfront residence in Gables Estates, a gated community in Coral Gables where estate values rank among the highest in South Florida. The project is led by a joint venture between The Boschetti Group and CMA Homes, founded by designer Cesar Molina, principal of CMA Design Studio Inc. Insignia Construction Company, an affiliate of The Boschetti Group, is serving as the general contractor.

Bentley Residences Miami has reached a record-setting construction milestone with the completion of the largest residential mat foundation pour in Florida, supporting the 716 foot tower underway at 18401 Collins Avenue in Sunny Isles Beach. Dezer Development is leading the project in partnership with Bentley Motors, while Coastal Construction serves as general contractor and Sieger Suarez Architects as architect of record. The development will comprise 216 residences with delivery planned for 2028.

Jebcore Companies, WMG Development, and Hilton have announced Waldorf Astoria Residences Sarasota, an 18-story residential tower with 86 residences planned for 1390 Main Street at the Five Points Roundabout in downtown Sarasota. The development will replace the existing Zenith Building, its attached parking structure, and an adjacent two-story commercial building at 40 South Pineapple Avenue. ODP Architecture & Design is listed as the architect, with interiors by Workshop/APD. The project will contain 86 private residences, with construction anticipated to begin in late 2026.

Two developers are proceeding with a luxury multi-family housing project in Southwest Florida.

The Design-Build Institute of America’s Florida Region has named the Sanibel Causeway reconstruction its Best Overall Project of the Year, with the additional honor of Transportation and Roadway Project of the Year. The project was delivered by the Superior-de Moya Joint Venture, led by Superior Construction and The de Moya Group, following widespread infrastructure damage caused by Hurricane Ian in September 2022.