Old Town Square II Planned for 2026 Completion at 217 NE 3rd Street, Pompano Beach, FL
Our sources indicate that Pompano Beach-based Cavache Properties has secured approval for its second Old Town Square project in South Florida.
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13th Floor Investments Proposes 30-Story Mixed-Use Tower At 500 NE 3rd Avenue In Fort Lauderdale
A 30-story mixed-use building named Flagler Village Residences at 500 Northeast 3rd Avenue in Fort Lauderdale has been proposed for development. Designed by Corwil Architects and WSP serving as the structural engineer, along with Within Hults + Partners as the landscape architect, this project is being developed by Miami-based 13th Floor Investments. The 320-foot-tall structure is expected to yield 602,604.50 square feet of space. This includes 345 multifamily residential units, 3,645 square feet of commercial uses, and 512 structured parking spaces. The Site Plan Level II application for this project is scheduled for review by the Development Review Committee on January 9.
690-Unit Dolphin Square Planned for 1556 NW 110th Avenue, Miami, Florida
In August 2023, Coastal Residential purchased a 7.8-acre build site for $38 million from Procacci 1400 LLC––about $4.82 million an acre. Google Earth shows that the parcel is currently vacant.
CREI Holdings Secures $41 Million Loan For Affordable/Workforce Housing In Miami-Dade County
Miami-based development firm CREI Holdings has secured a $41 million loan from Lument for the refinancing of Li’l Abner II apartments, completed in April 2023 in the city of Sweetwater. The transaction closed on December 29, 2023, and was led by Marc Suarez, a managing director at Lument.
Fort Lauderdale Downtown Development Authority Secures $8.75 Million Construction Loan From Synovus Bank For Transformation Of Huizenga Park
The Fort Lauderdale Downtown Development Authority (DDA) has secured a $8.75 million construction loan to renovate Huizenga Park in downtown Fort Lauderdale. The DDA requested proposals seeking lenders to fund the Huizenga Park capital improvement project. After a thorough selection process, Synovus Bank was chosen as the best partner for financing the construction project, which is set to start in 2024.
