Atex Group has a $34 million mixed-use project in the works. The venture will offer commercial amenities and residential units in a six-story building. The South Florida Business Journal notes that developers acquired the 1.14-acre build site for $750,000 in November 2021
Permits have been submitted to the Federal Aviation Administration (FAA) seeking approval for the construction of a 540-foot-tall building at 601 North Ashley Drive in Downtown Tampa. Located directly across the street from Curtis Hixon Waterfront Park, the property is comprised of two parcels of land that make up an entire city block netting a combined 1.03 acres, or 44,867 square feet, bound by North Tampa Street on the East, East Twiggs Street on the South, North Ashley Drive on the West and East Zack Street on the North with approximately 210-feet of frontage on each side. The property is currently improved with a 12-story office tower that was built back in 1925 called the GTE Tower, which yields a net 61,290 square feet of space. The permits were filed on February 18, 2022.
Fifield Companies broke ground on Avida Aventura in early 2022. The developer acquired the 4.06-acre build site for $12 million in April 2021. The eight-story building will offer 266 residential units, ranging from studios to three-bedroom options. They range from 470 square feet to 1,400 square feet each. Many models come with balconies. Previously, the project was called “Aventura Crossing.”
Construction is expected to commence in the Spring of 2023 for the Grand Hyatt Miami Beach, a 17-story hotel and commercial development planned for 1701 Convention Center Drive in City Center, Miami Beach. Designed by Arquitectonica with EoA and Stonehill Taylor as the interior designers and developed by MB Mixed Use Development, LLC, a joint venture between real estate developers Terra Group and Turnberry Associates, the development is projected to yield 702,607 square feet of space including 800 hotel rooms, 90,000 square feet of indoor meeting/conference space across 4 floors and 10,000 square feet of outdoor meeting space, 15,000 square feet of retail space, 5 food and beverage outlets and 320 parking spaces. Miami and Los Angeles-based Americaribe is the general contractor; Hyatt Hotels Corporation will manage operations at the property.
The Nolen is a luxury housing development coming to Saint Petersburg, Florida. The project, valued at $50 million, will offer a 23-story tower with 31 residences. Condos begin on the tower’s fourth floor and continue all the way to the 22nd floor. The 23rd floor offers two penthouses. Each residential floor features two homes.