In 2019, our sources indicated that Lali II, a developer, rezoned a 10.6-acre avocado farm from “estate density residential” to “industrial and office.” Yet, no development took place.
Miami-based real estate development firm BGI Companies has appointed Moss Construction as the construction management firm to complete Alba Palm Beach, a 22-story, 262-foot residential building at 4714 North Flagler Drive directly on the Intracoastal waterways in the emerging Northwood neighborhood of West Palm Beach. Designed by Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect and developed in partnership with Blue Road, Alba Palm Beach is set to deliver a boutique collection of 55 luxury residences by 2025; units are priced from $3 million and are currently 45 percent sold.
Construction started on Renata at Lakewood Ranch in October 2022 in Southwest Florida. The 37-acre development will offer 501 units. It’s part of a larger 33,000-acre master-planned community, unfolding on the last available parcel.
Newgard Development Group recently acquired a 1.08-acre site at 200 West Broward Boulevard in downtown Fort Lauderdale from a joint venture between Aimco and Kushner Companies for $31.24 million. The site, zoned for substantial residential development, has received approvals for a 49-story building comprising 381 residential units, 8,256 square feet of commercial space, and 426 parking spaces. Updated details about future development plans are anticipated to be announced in the coming months.
Construction on Pinnacle at La Cabana could start in January 2024. The affordable five-story housing complex will offer 110 units, with 65 one-bedroom units and 45 two-bedroom units.
