A North Palm Beach-based developer has proposed an age-restricted residential community in Sanford, FL. AgeWell Solvere Living will comprise 185,000 square feet of new construction, offering 161 units in a four-story building.
1940 Apartments LLC, a Sunny Isles Beach-based entity led by Erwin Sredni, Jonatan Sredni, and Scott Albus, has submitted plans for a transformative 5-story multi-family residential project at 1940 Bay Drive in the Normandy Isle area of Miami Beach. Envisioned by Revuelta Architecture International, with Gardner + Semler taking the helm for landscape architecture, the proposed 55-foot-tall structure is set to replace the existing 23-unit apartment complex, introducing 12 modern condominium units running from 2,807 to 3,019 square feet to the locale. The Design Review Board of Miami Beach will review the submitted plans today.
Developers have surpassed a key milestone regarding the Marina Club Apartments. The multi-family development will offer 400 Class A units in an eight-story building.
Melo Group has recently expanded the development potential of its property at 1700 Biscayne Boulevard in a significant transaction. The developer is now authorized to construct 2,471 residential units on this property, marking a substantial increase from the previously allowed 1,518 units. This enhancement in development capacity comes from acquiring rights for an additional 955 units from an affiliate of Stiles Corporation, which owns the Publix property across the street at 1776 Biscayne.
In a landmark development for Fort Lauderdale’s urban fabric, a groundbreaking mixed-use project in the downtown area has recently obtained a substantial $220 million construction loan. This crucial funding, provided by Little Rock, Arkansas-based Bank OZK on December 26, is set to support FAT Village Project LLC, a Houston-based real estate development company Hines subsidiary. This development marks a significant step forward for the project, reflecting the burgeoning vitality of Fort Lauderdale’s real estate sector.
