Lincoln Gardens, a $41.2 million affordable housing development, is still unfolding in Miami’s Brownsville neighborhood. Per the venture’s website, the three-phase community unveiled the first portion in 2022, offering 134 garden-style apartments and eight rental townhomes.
Florida-based developer Urban Network Capital Group (UNCG) has acquired a $24 million construction loan from LV Lending to develop The Flats Orlando, a 1.9-acre condo-hotel resort near Orlando’s central area. The development is a collaborative effort with ZKC and Tivoli Cove Capital. The project is expected to be completed by 2025.
Serenity Liberty Square is getting the fourth of its nine phases. Our sources indicate that the addition will comprise 193 mixed-income housing units, reserved for those making 30 percent to 80 percent of the area median income (AMI).
An affiliate of Miami-based Cam Group has acquired an older office building in Coral Gables for $18.5 million with redevelopment plans. B & B Investments Management, managed by Wilfred Braceras in Miami, sold the 2.05-acre site at 760 Ponce de Leon Blvd., along with 112 and 120 Avila Court, to 760 Ponce De Leon LLC, led by Pedro Camejo and Joel Campo of Cam Group. The buyer secured a $13 million mortgage from Granada Financial.
The City of Pompano Beach could soon give the green light to Indigo Pompano Beach, a mixed-use project bordering the area formerly known as the Isle Casino Pompano Beach. Our sources note that the first phase could yield 417 residences.
