Related Companies Acquires 320-Unit Sorrento Apartments In Miramar, Florida

Related Companies has acquired Sorrento, an affordable housing community in Miramar, Florida, from Zom Foxcraft, an entity tied to ZOM Living and NRP Group for $48.2 million, equating to $150,625 per unit. The 320-unit, garden-style apartment community offers LIHTC income-restricted apartments at 8991 and 9577 Southwest 41st Street. The property was completed by ZOM Living in 2012 and was originally financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.

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Developers Secure $77M Construction Loan From Bank OZK For 2200 Brickell

Aria Development Group, Largo, and Place Projects have secured $77 million in construction financing for 2200 Brickell, a five-story, 105-unit luxury condominium development at 2200 Brickell Avenue, situated along Brickell’s historic Millionaire’s Row. The construction financing was provided by Bank OZK, represented by King & Spalding. Hunton Andrews Kurth and The Aztec Group represented the developers. 2200 Brickell is slated to break ground in Q4 2023 with Ortega Construction Company as the general contractor.

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Terra Completes Construction On 78,000-Square-Foot Retail Complex ‘Doral Atrium’

Terra has finalized construction on Doral Atrium, a 78,000-square-foot retail space in the City of Doral. Concurrently, the firm has announced a 1,480-square-foot lease with TREMBLE Pilates Studio at the location. This marks TREMBLE’s eighth South Florida branch, adding to an expanding national presence. Located at the intersection of Doral Boulevard and 79th Avenue, Doral Atrium occupies 5.2 acres. Grycon served as the general contractor, alongside C&C Concrete Pumping as the concrete contractor, and Central Concrete Supermix provided concrete building materials.

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Related Group And Merrimac Ventures Join Forces With Hilton For 28-Story Waldorf Astoria Residences Pompano Beach

Developers Related Group (Related) and Merrimac Ventures, in collaboration with Hilton, are excited to introduce their latest project: the Waldorf Astoria Residences Pompano Beach. Sitting on a two-acre oceanfront site at 1350 South Ocean Boulevard, this 28-story tower designed by KORA with Nichols Architects as the architect of record and landscape design by Enea Landscape Architecture will feature a total of 92 residential units, with interiors masterfully crafted by BAMO. With a beachfront cafe offering room service, a resident lounge, a pool deck complete with a jacuzzi and cabanas for poolside dining, comprehensive wellness facilities, and nearly two dozen boat slips, this new development is poised to contribute to South Florida’s ongoing growth. Nestled along the Atlantic Ocean, the Waldorf Astoria Residences Pompano Beach, known as The Residences, represents a notable milestone for the iconic Waldorf Astoria brand as it embarks on its inaugural venture into exclusively residential concepts. Furthermore, this project marks Waldorf Astoria’s grand entrance into Broward County, making it a highly anticipated addition to the region’s evolving real estate landscape.

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