Benmark Capital, a vertically integrated real estate private equity and debt investment firm, has announced the closing of a $25 million pre-development loan to Continuum Company for the advancement of Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida. The financing will support early site preparation and development activities for the waterfront project.

Construction is anticipated to start on a high-rise luxury condominium in this year’s fourth quarter. Located in Miami Beach, 7200 Collins will measure 12 stories above grade and offer 222 units, with homes ranging from 375 to 1,200 square feet each.

Construction is advancing at 21 Hollywood, a 14-story mixed-use development currently underway at 2100 N. Federal Highway in Hollywood, Florida. Designed by Miami-based architect Kobi Karp and developed by Starlife Group, the project recently reached a key construction milestone with the completion of the initial series of concrete slab pours for the foundation. The project broke ground in December 2024 and is targeting structural topping out by October 2025, with full completion anticipated between late 2026 and early 2027. Starlife Builders, the construction subsidiary of Starlife Group, is serving as the general contractor.

Mapletree Investments has officially broken ground on the 53,995-square-foot expansion of its logistics facility at 350 Gills Drive in Orlando. The project marks a continued investment by the Singapore-headquartered firm in the Central Florida industrial sector. The expansion will bring the site’s total footprint to approximately 160,000 square feet, reinforcing its role as a logistics hub approximately 10 miles south of downtown Orlando.

Florida YIMBY has an update regarding a multi-family housing development we covered nearly 12 months ago. Our April 2024 report shed light on Gardens Vista, a 221-unit, four-story apartment complex in Palm Beach Gardens.