CMC Group and Fort Partners have closed a $323.8 million construction loan from Bank OZK for Four Seasons Private Residences Coconut Grove, a 20-story waterfront residential tower at 2699 South Bayshore Drive in Miami’s Coconut Grove neighborhood. The financing supports Florida’s first standalone Four Seasons branded residential development without an accompanying hotel component. The project broke ground in October and is advancing on schedule toward a mid-2028 completion, with the tower planned to deliver 70 luxury condominium residences along the waterfront.

Vertical construction has reached 21 floors at Villa Miami, a 56-story, 650-foot waterfront residential tower rising along Biscayne Bay in Miami’s Edgewater neighborhood. The development will contain 70 half-floor and full-floor condominium residences and is being developed by Terra in partnership with One Thousand Group and Major Food Group, with architecture by ODP Architects and interiors by AD100 designer Vicky Charles.

Key International and Wexford Real Estate are proceeding with Mr. C Residences Boca Raton, the third of its kind under the Mr. C banner in Florida.

Ground has officially broken on The Avenue, a mixed-use residential and retail development along Fifth Avenue South in downtown Naples. The 4.3-acre project broke ground on January 22 and is being developed by APREA, with DeAngelis Diamond serving as the general contractor. The site spans between 5th and 6th Avenues South and 9th and 11th Streets, just east of the Four Corners intersection where U.S. 41 turns toward Miami. The groundbreaking follows a December sales period that generated approximately $20 million in residential transactions.

Related Group and BH Group, through their affiliate, 2001 N. Flagler Drive Owner LLC, want to transform a 0.78-acre site into a high-rise luxury tower.