Jacksonville Jaguars owner Shad Khan is planning an ambitious mixed-use project just south of TIAA Bank Field and the Hart Bridge Expressway in Downtown Jacksonville. Iguana Investments, Khan’s development company, just recently received approvals from the city’s Downtown Investment Authority (DIA) to build a 170-room hotel along with 25 for-sale luxury residences and a 90,000-square-foot office building on the site of the former Kids Kampus by Metropolitan Park. Although there is no formal agreement in place, Four Seasons Hotel & Residences may be the intended brand for the hotel and residential component.
Miami and New York City-based investment, development, and asset management firm Property Markets Group (PMG), alongside partner Raven Capital Management (Raven) has announced the securing of a $120 million construction loan for their 825,000-square foot – 26-story Society Orlando mixed-use project located at 434 North Orange Avenue in Downtown Orlando. The loan is being provided for phase one of the development of the project, which broke ground in 2020. Funds are being provided by an entity managed by Los Angeles-based CIM Group.
Lynn University, a private college located in Boca Raton, FL, will soon have new student housing to accommodate its growing population.
New York City-based real estate developer Property Markets Group (PMG) and the Miami Parking Authority (MPA) are joining forces to bring more public green spaces to Biscayne Boulevard in Downtown Miami. PMG announced the collaborative…
The DeMarcay, a new residential complex, is coming soon to Sarasota County. The $23 million venture began construction in the first quarter of 2021 and will conclude in June 2023.