The Related Group has secured financing for The Gallery at Wagner Creek, a 27-story mixed-income tower planned for Miami’s Health District. This project will introduce 460 residential units next to the UHealth–Jackson Metrorail Station located at 1165 NW 11th Street. It marks the first phase of Related’s long-term redevelopment vision for the area surrounding Jackson Memorial Hospital.
Archway Partners hopes to move forward with an affordable housing project in Tampa. The venture would offer 82 one-bedroom apartments.
Hollywood, Florida, is seeing a steady rise in development activity as investors and builders extend their focus north of Miami into emerging coastal submarkets. Recently named among the “5 Florida Beach Towns to Buy Property in the Next 5 Years,” the city has recorded consistent absorption and rental performance that rivals neighboring Fort Lauderdale and West Palm Beach. Stabilized multifamily assets are maintaining vacancy rates below seven percent, reflecting sustained housing demand and an expanding residential base.
Following the acquisition of a $60 million construction loan, Alta Developers has started construction on the first phase of Princeton Commons, a multi-phase residential community in Miami-Dade County.
Kolter Multifamily, an affiliate of The Kolter Group, has broken ground on Alton Sarasota, a 256-unit garden-style apartment community located on 63rd Avenue near Prospect Road in Manatee County, approximately three miles north of University Parkway.
