Construction is now complete on Siesta Lakes, a 412-unit Class A rental community in Cape Coral, Florida. The development is situated on a 26-acre site at 186–264 Tierra De Paz Loop, located within a designated Opportunity Zone just off Pine Island Road—a corridor characterized by a variety of retail and dining establishments.
Our sources report that following the security of a $92 million construction loan, developer Grover Corlew intends to break ground on Mayla Cypress.
The foundation pour has been completed for JEM Private Residences, a 67-story residential tower under construction at 1016 Northeast 2nd Avenue in Downtown Miami. Overseen by Coastal Construction, the operation began at 9:00 p.m. on May 30 and spanned approximately 18 continuous hours, requiring 8,400 cubic yards of concrete delivered via 840 truckloads. The milestone marks a key step in the vertical progress of one of the most prominent residential developments within Miami Worldcenter.
A multi-family development named “Lion Gardens Apartments” is set to rise on the former site of Parliament House in Orlando. The upscale yet eco-friendly community will feature a total of 294 apartments spread across three, four-story buildings.
Construction has officially topped off at Nexo Residences, a 16-story short-term rental condominium development located at 13899 Biscayne Boulevard in North Miami Beach. Designed by Carlos Ott in collaboration with Frankel Benayoun Architects Inc. and developed by Fortune International Group and Blue Road, the project is steadily progressing toward its anticipated 2026 completion. Nexo Residences is one of the first projects designed specifically for flexible ownership and short-term rentals, with fully furnished units and an array of hospitality-driven amenities.
