Florida YIMBY has an update regarding Sereno, a venture we covered earlier this March. Initial plans called for a 14-story tower with 76 condos, measuring 1,080 to 2,400 square feet each. They were slated to cost $1.4 million each. Now, plans have changed significantly.
Strategic Property Partners has announced plans for a new entertainment district proposed for downtown Tampa, adding a mid-sized live music venue, hotel, retail space, and structured parking to the Water Street Tampa master-planned development. The privately financed project is planned for a vacant parcel on Channelside Drive, directly across from Amalie Arena, between Morgan Street and Jefferson Street.
One on One Harbor Beach Inc., an affiliate of Camaco Development, wants to proceed with a high-rise project in Fort Lauderdale.
Related Ross has secured a $772 million construction financing package for two new office towers at CityPlace in downtown West Palm Beach, marking both the largest financing transaction in the firm’s history and the largest construction loan ever recorded in Florida. The financing was led by Ares Real Estate funds, with Monarch Alternative Capital and HPS Investment Partners also participating. Eastdil Secured, LLC served as the exclusive financial advisor. Proceeds will fund development of 10 CityPlace and 15 CityPlace, two office towers planned at the center of the CityPlace district.
Florida YIMBY has an update regarding Ponce Park, a venture that’s been evolving for more than five years.
