Florida YIMBY

Merrimac Ventures & Aria Development Group Secure $95M Construction Loan For 600 Miami Worldcenter Condominium In Downtown Miami

8:00 am on February 6, 2024 By Oscar Nunez

A joint venture between South Florida-based developers Merrimac Ventures and Aria Development Group is preparing to break ground on 600 Miami Worldcenter, a 32-story condominium tower set within Downtown Miami’s Miami Worldcenter 27-acre mixed-use development, which will deliver 606 fully furnished units with no restrictions on short-term rentals. The upcoming groundbreaking will be made possible with a $95 million construction loan from Banco Inbursa to fund the sold-out tower’s development at 600 Northeast 1st Avenue. Construction is expected to be completed in 2026.

Developers Propose the 305 Athletic Club at 11575 NW 7th Avenue, Miami, FL

7:00 am on February 6, 2024 By Colt Dodd

Miami-based BEA Architects, through affiliate OZ-MIA 11575 NW 7 Avenue LLC, hopes to move forward with a mixed-use venture. The 305 Athletic Club would measure eight stories above grade, requiring 200,000 square feet of new construction.

10-Story Condominium ‘Glass House Boca Raton’ Slated To Break Ground In Q1 Of 2025

8:00 am on February 5, 2024 By Oscar Nunez

Slated to break ground in the first quarter of 2025, Glass House Boca Raton marks a significant addition to downtown Boca Raton’s architectural landscape. This venture, led by 280 E Palmetto Park Road, LLC, with Brandon Chasen and Paul Davis of the Baltimore-based Chasen Companies and Adam Gottbetter of Boca Raton-based ASG Development, will introduce the first modern glass residential building in the area. Located at 280 at Palmetto Park Road, the 10-story residential building is set to feature the city’s singular rooftop oasis, complete with a pool, jacuzzi, catering kitchen, and entertainment space.

High-Rise Olakino House to Offer 83 Condos at 551 Bayshore Drive, Fort Lauderdale, FL

7:00 am on February 5, 2024 By Colt Dodd

Meet Olakino House. The project recently secured City Commission approval in January, allowing for the construction of 83 condos between two 13-story buildings.

Terra Closes On $127 Million Refinancing Loan For ‘Natura Gardens’ At 17351 NW 94th Court In West Hialeah

8:00 am on February 4, 2024 By Oscar Nunez

Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan provided in 2021 by Bank OZK. Completed in the Summer of 2023, Natura Gardens includes 460 garden-style rental apartments situated across 23 acres in Miami’s West Hialeah neighborhood.

Flats on 4th to Offer 80 Age-Restricted Units in St. Petersburg, FL

7:00 am on February 4, 2024 By Colt Dodd

A much-needed affordable housing development for seniors has been proposed in St. Petersburg. Our sources indicate that the $37.5 million project, dubbed “Flats on 4th,” will measure four stories above grade.

Nichols Architects-Designed 36-Story ‘Modera Riverside’ Tops Out At 300 SW 2nd Avenue In Downtown Miami

8:00 am on February 3, 2024 By Oscar Nunez

Nichols Architects-designed Modera Riverside has topped off in downtown Miami. As of Friday, January 26th, the 410-foot-tall structure reached its final height of 36 stories, positioning itself at the intersection of Brickell, Downtown Miami, and the burgeoning Miami River District. The residential tower boasts 428 apartments, offering a diverse range of living spaces from cozy studios to expansive three-bedroom units, catering to a broad spectrum of residents. Construction is expected to complete later this year.

Glass House Slated for 2025 Groundbreaking at 280 E. Palmetto Park Road, Boca Raton, FL

7:00 am on February 3, 2024 By Colt Dodd

Sales have launched for Glass House, a boutique luxury condo development in Boca Raton. The 10-story building will offer 28 units, measuring 2,550 square feet to 3,900 square feet each.

Newgard Development Group Unveils Plans For 40-Story, 384-Unit Natiivo Fort Lauderdale

8:00 am on February 2, 2024 By Oscar Nunez

Miami-based Newgard Development Group has unveiled plans for Natiivo Fort Lauderdale, a 40-story resort condominium at 200 West Broward Boulevard. Occupying a prime 1.08-acre site in downtown Fort Lauderdale, the project is designed by the renowned Arquitectonica, with interiors by ID & Design International. It will feature 384 fully finished and furnished residences, ranging from 500 to 1,200 square feet, marking it as Fort Lauderdale’s first resort condominium property specifically designed, built, and licensed for short-term rentals. Cervera Real Estate has been appointed as the exclusive sales and marketing representative for Natiivo Fort Lauderdale, with unit prices reportedly ranging from the $500,000s to $1.5 million. The project is expected to be completed in 2028.

The Aster & Links Planned for Spring 2024 Reveal at 1991 Main Street, Sarasota, FL

7:00 am on February 2, 2024 By Colt Dodd

Our sources reveal that The Aster & Links, a mixed-use venture in Sarasota, FL, is slated for a 2024 completion. The venture will comprise 424 residences.

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