East Colonial, LLC hopes to start construction on a student residential venture in April 2023. It’s called “Fifty South Student Housing.” Sources note that the complex would replace a 12,300-square-foot Golden Corral restaurant.
Red Apple Real Estate has secured $252 million in financing for The Residences at 400 Central, a 46-story mixed-use building under construction at 400 Central Avenue in downtown St. Petersburg. Designed by Arquitectonica with WSP as the structural engineer and featuring interiors by Celano Design Studio, The Residences at 400 Central will become the tallest building in the city and on the gulf coast at approximately 515 feet, yielding 1.3 million square feet of space including 301 luxury condominiums with views of Tampa Bay and the Gulf of Mexico, retail and restaurant space, and upwards of 40,000 square feet of Class A office space. Suffolk Construction is the general contractor for the project, which is scheduled to go vertical in March 2023.
Sources note that developers hope to start construction on a new project later this year. The venture? Foxcraft Estates. The residential building would measure five stories above grade and offer 84 homes, ranging from one-bedroom to three-bedroom apartments.
Charlotte, NC-based Truist Bank has issued a $164 million construction loan to Miami’s acclaimed condo king, the Related Group, for the first of three skyscrapers slated for a prime 3.9-acre development site along Brickell Avenue, south of the Miami River. Commonly referred to as One Brickell Tower II, the 47-story structure is reportedly planned to rise approximately 478 feet at 77 Southeast 5th Street and yield 506 rental apartments. Arquitectonica is the architect for the entire mixed-use development, which includes the planned 75-story Baccarat Residences Miami and an 82-story hotel and residential tower. John Moriarty & Associates is the general contractor for the tower, which is expected to begin construction next month.
The Gallery at Lummus Parc is in the works for the downtown Miami region. The mixed-use venture would comprise two towers, measuring 27 stories and 30 stories.