Allen Morris Co. has secured a $132.5 million construction loan from Bank OZK for Ponce Park, an 11-story condominium development planned at 3000 Ponce de Leon Boulevard in Coral Gables. The financing supports the construction of the mixed-use project, which integrates residential units, ground-floor retail, and improvements to the adjacent Ponce Circle Park. The loan was arranged by Lotus Capital Partners, led by Faisal Ashraf. The financing follows a separate $138.5 million construction loan secured by Allen Morris Co. in November 2025 for its Ziggurat project in Coconut Grove.

Pritzker Prize-winning architect David Chipperfield is designing a 26-story residential tower for Miami’s Design District, marking the area’s first residential development. The project is planned for 39 NE 39th Street and will include 143 condominium residences and a hotel component.

New York-based developer Florida Postal Holdings LLC has proposed a project with workforce housing in Surfside.

Residence Inn Sunny Isles Beach has completed a full-property renovation, marking a new chapter for the 194-room hotel located at 17700 Collins Avenue in Sunny Isles Beach. The project reintroduces the property as a residence-style hotel with refreshed interiors and updated amenities, while maintaining the space and functionality associated with the extended-stay brand.

Developer PMG Affordable, in partnership with the Tampa Housing Authority, has submitted plans for the first step of the Robles Park redevelopment project.