Miami-based Cymbal DLT has proposed a high-rise tower under the Live Local Act in Miami. The project, which our sources call “the Cymbal DLT Midtown”, would require more than 850,000 square feet of new construction.
Construction is progressing at Excel Miami, a 24-story multifamily tower rising at 1550 Northeast Miami Place in Miami’s Arts & Entertainment District. The project has secured $94.5 million in construction financing, comprising a $68.5 million senior loan from Centennial Bank, facilitated by Jay Brito, and a $26 million subordinate loan originated and agented by an affiliate of Southern Realty Trust Inc. (SRT).
Miami’s Urban Development Review Board will consider plans regarding Rosee Wynwood on November 20th. The preconstruction venture will measure six stories above grade and offer 140 units, with square footage ranging from 430 to 1,342 square feet.
Kolter Urban has selected Moss Construction as the general contractor for The Ritz-Carlton Residences, Sarasota Bay, a 20-story waterfront residential property at 555 Quay Commons in Sarasota’s downtown cultural district. Sitework for the development commenced in April 2024, and deep foundations and site utilities are 90% complete, marking a significant milestone toward the completion of another Kolter Urban development under the Ritz-Carlton brand. Moss Construction most recently worked alongside Kolter Urban to deliver The Ritz-Carlton Residences, Sarasota, in 2021.
A luxury home development is slated for Apollo Beach. Hammock Bay would comprise 47 homes, with square footage spanning 3,500 to more than 7,500 square feet. Residences will come with “deep-water access”, along with various high-end finishings.
