Prosper Group, a real estate investment and development firm, has received approval for a ground-up construction project of 40 high-end townhomes in Tampa. This marks the first deal announced by Prosper Group in Tampa. Located at 8419 and 8425 North Hubert Ave in the Carrollwood neighborhood, the construction site is 3.1 acres or 85,000 sq ft of living space. Construction of the townhomes is set to be completed by Spring 2024.
Klaus Parking Systems has plans for a residential development in North Miami, Florida. Cyber Place will comprise more than 300,000 square feet of new construction, resting on a 1.46-acre site.
Foundation work has begun for The Residences at 400 Central, a 46-story mixed-use building at 400 Central Avenue in Downtown St. Petersburg. Slated to become the city’s tallest building, the 515-foot-tall structure is designed by Miami-based Arquitectonica with interiors by Celano Design Studio and is being developed by New York City-based Red Apple Real Estate, led by John Catsimatidis. The project will yield 1.3 million square feet of space including 301 residential units, 35,000 square feet of indoor and outdoor amenities, retail and restaurant space, Class A office space, and a rooftop observatory with a view from Tampa Bay to the Gulf of Mexico. This first stage of foundation construction is expected to be completed in the next few months, and vertical constriction is expected to begin in early 2023.
Construction on the Note could start later this year in Jacksonville, Florida. The residential development will offer 290 units, ranging from one-bedroom to three-bedroom units. The homes will be spread across three four-story buildings.
On October 19, Miami’s Urban Development Review Board will consider plans for The Edge, a 37-story mixed-use building proposed to rise at 456 Northeast 29th Street in Edgewater, Miami. Designed by Kobi Karp Architecture & Interior Design Inc. alongside Dieguez Fridman Arquitectos & Asociados and developed by a joint partnership between New York City-based real estate developers SB Development and Hazelton Capital Group under the Edgewater Owner, LLC, the approximate 465-foot-tall structure would yield 467,921 gross square feet including nearly 200,000 square feet of residential space spread across 96 units, 5,373 square feet of commercial space and an enclosed parking garage with 135 spaces. Kimley-Horn is listed as both the landscape architect and civil engineer.