Integra Investments hopes to get the green light on a residential development in Boca Raton, Florida. Boca Villas could comprise 120 townhomes spread across multiple buildings.
New York-based Shvo and its partners have secured a $190 million construction loan for the renovation and condominium addition at The Raleigh hotel at 1775 Collins Avenue in Miami Beach. The loan, provided by Fort Lauderdale’s BH3 Management through its BH3 Debt Opportunity Fund II, supports the partnership between Shvo, led by Michael Shvo, and the German firm Deutsche Finance. The loan encompasses The Raleigh, the Richmond Hotel at 1757 Collins Avenue, and the South Seas Hotel at 1751 Collins Avenue. The transaction was brokered by Walker & Dunlop.
Cadenza at Hacienda Lakes is an affordable housing complex set for Naples, Florida. The venture, estimated to cost $28.5 million to complete, will offer 160 residential units.
Housing Trust Group (HTG), one of the nation’s largest affordable housing developers, announces the official completion of Heron Estates Family, a new $21.4 million affordable townhome community in Riviera Beach, Florida. Townhomes at Heron Estates Family are set aside for income-qualifying residents who earn at or below 30, 60, and 70 percent of the area median income (AMI), with rents ranging from $290 to $1,638 monthly. Heron Estates Family is 100% occupied.
Now, we’re excited to report on another McDowell venture: The Harmony on Santa Barbara, an 82-unit complex. The multifamily development will offer homes to those making 30 to 80 percent of the area median income (AMI).
