Construction on the second phase of Flagler Crossing is expected to start by the end of this month. The multi-family housing development will comprise 180 Class A apartments. The Jacksonville Business Journal reports that at least 50 of the homes will be reserved for those earning 85 percent to 120 percent of the area median income (AMI).
BD Hotels has secured a $75 million construction loan to develop a 201-room hotel, the Nora Hotel, in the emerging NORA District of West Palm Beach. Metropolitan Commercial Bank provided the loan, which JLL’s Steven Klein and Mark Fisher arranged for financing. BD Hotels is working with NORA District master developers NDT Development, Place Projects, and Wheelock Street Capital.
Woodmont Industrial Partners, Butters Construction & Development, and PCCP, LLC have completed a 303,364-square-foot industrial facility at 15430 Corporate Road North in Jupiter, within the Palm Beach Park of Commerce (PBPOC). This marks the first of eight planned buildings in the larger PBPOC development, where the three companies are collaborating to deliver over 2 million square feet of industrial real estate.
Affiliated Development hopes to get approval for an affordable housing venture that would replace a now-shuttered Walgreens in Sunrise, FL. The development would measure eight stories above grade and comprise 415 apartments.
Naftali Group has unveiled two luxury penthouses, JEM Sky Villas, with interiors designed by the renowned Italian brand FENDI Casa. Positioned at the top of the 67-story JEM Private Residences, these units showcase FENDI Casa’s signature design collections. Rising over 700 feet at 1016 Northeast 2nd Avenue in Miami Worldcenter, JEM Private Residences is designed by Arquitectonica and Rockwell Group.
