Florida YIMBY

Terra Closes On $127 Million Refinancing Loan For ‘Natura Gardens’ At 17351 NW 94th Court In West Hialeah

8:00 am on February 4, 2024 By Oscar Nunez

Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan provided in 2021 by Bank OZK. Completed in the Summer of 2023, Natura Gardens includes 460 garden-style rental apartments situated across 23 acres in Miami’s West Hialeah neighborhood.

Flats on 4th to Offer 80 Age-Restricted Units in St. Petersburg, FL

7:00 am on February 4, 2024 By Colt Dodd

A much-needed affordable housing development for seniors has been proposed in St. Petersburg. Our sources indicate that the $37.5 million project, dubbed “Flats on 4th,” will measure four stories above grade.

Nichols Architects-Designed 36-Story ‘Modera Riverside’ Tops Out At 300 SW 2nd Avenue In Downtown Miami

8:00 am on February 3, 2024 By Oscar Nunez

Nichols Architects-designed Modera Riverside has topped off in downtown Miami. As of Friday, January 26th, the 410-foot-tall structure reached its final height of 36 stories, positioning itself at the intersection of Brickell, Downtown Miami, and the burgeoning Miami River District. The residential tower boasts 428 apartments, offering a diverse range of living spaces from cozy studios to expansive three-bedroom units, catering to a broad spectrum of residents. Construction is expected to complete later this year.

Glass House Slated for 2025 Groundbreaking at 280 E. Palmetto Park Road, Boca Raton, FL

7:00 am on February 3, 2024 By Colt Dodd

Sales have launched for Glass House, a boutique luxury condo development in Boca Raton. The 10-story building will offer 28 units, measuring 2,550 square feet to 3,900 square feet each.

Newgard Development Group Unveils Plans For 40-Story, 384-Unit Natiivo Fort Lauderdale

8:00 am on February 2, 2024 By Oscar Nunez

Miami-based Newgard Development Group has unveiled plans for Natiivo Fort Lauderdale, a 40-story resort condominium at 200 West Broward Boulevard. Occupying a prime 1.08-acre site in downtown Fort Lauderdale, the project is designed by the renowned Arquitectonica, with interiors by ID & Design International. It will feature 384 fully finished and furnished residences, ranging from 500 to 1,200 square feet, marking it as Fort Lauderdale’s first resort condominium property specifically designed, built, and licensed for short-term rentals. Cervera Real Estate has been appointed as the exclusive sales and marketing representative for Natiivo Fort Lauderdale, with unit prices reportedly ranging from the $500,000s to $1.5 million. The project is expected to be completed in 2028.

The Aster & Links Planned for Spring 2024 Reveal at 1991 Main Street, Sarasota, FL

7:00 am on February 2, 2024 By Colt Dodd

Our sources reveal that The Aster & Links, a mixed-use venture in Sarasota, FL, is slated for a 2024 completion. The venture will comprise 424 residences.

The Calta Group Completes Allapattah Assemblage Acquisition For New Mixed-Use Transit-Oriented Project

8:00 am on February 1, 2024 By Oscar Nunez

The Calta Group, a real estate and development company, today announced it has completed the acquisition of an assemblage of seven parcels in Allapattah from Enis Realty and Grupo Park for $17.2 million. The firm purchased six lots at 1415, 1433, 1435, 1453 Northwest 13th Terrace, and 1410 Northwest 14th Street in December, with the seventh and final 15,000-square-foot parcel at 1469 Northwest 13th Terrace closing this week. The final parcel’s closing price was $7,200,000.

17-Unit “The Point Apartments” Planned for 3901 46th Avenue North, St. Petersburg, FL

7:00 am on February 1, 2024 By Colt Dodd

An affordable housing complex could replace a mobile home park in St. Petersburg. The Point Apartments will comprise 17 apartments.

The NRP Group Breaks Ground On 275-Unit Multifamily Community ‘The Riley’ in Fort Myers

8:00 am on January 31, 2024 By Oscar Nunez

Cleveland, Ohio-based The NRP Group has officially commenced construction on The Riley, a 275-residence, market-rate multifamily community in Fort Myers, Florida. Located at 7301-7340 Stoney Grove Circle, at the intersection of Highway 41 and San Carlos Blvd, The Riley offers easy access to major employment areas in Fort Myers and Bonita Springs and proximity to Interstate 75 and Highway 41. Building permits issued by Lee County show NRP CONTRACTORS II LLC is listed as the general contractor. Completion is anticipated in late 2025.

Developers Increase Size of 5050 Residences at 5050 N.W. 22nd Avenue, Miami, FL

7:00 am on January 31, 2024 By Colt Dodd

The 5050 Residences, a proposed housing development in Miami-Dade County, is now larger. Initial plans in 2020 presented a four-story building, offering 40 one-bedroom apartments, measuring about 800 square feet each.

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