A 1940s-era apartment near Hollywood Circle could be demolished to make way for a four-story residential building. The unnamed development would offer 39 apartments, measuring 666 to 1,281 square feet each.
OKO Group and Access Industries have secured Federal Aviation Administration (FAA) approval for the Aman Miami Beach Residences at 3425 Collins Avenue. The FAA issued two determinations, each specifying height clearances for different points of the building to ensure compliance with airspace regulations. The primary clearance permits a maximum height of 252 feet above ground level or 255 feet above mean sea level, representing the highest point of the building. The second clearance applies to the structure’s highest point, closest to the Miami International Airport (MIA) runway, with a height cap of 227 feet above ground or 230 feet above sea level. These approvals, finalized last week, are valid until late April 2026.
Construction continues on Tyson Ranch, a 318-unit townhome development in Orlando. The development will offer two-bedroom to four-bedroom homes, with six different floorplans. These floorplans are divided into two categories: the Smart Series and the Eco Series.
Akel Homes has officially broken ground on Mosaic Palms, a new apartment complex west of Boynton Beach, following a $30 million construction loan secured from Seacoast Bank. The Stuart-based bank provided financing to Civic Hypoluxo Holdings, a Delray Beach-based Akel Homes subsidiary. This loan covers the 11.8-acre development site located at 7376 Lyons Road, near the southeast corner of Hypoluxo Road.
Thanks to the acquisition of a $43.2 million construction loan, build-to-rent community “Hamlet at Avalon Park” is moving forward.
