FAA Permits Filed For 321-Foot-Tall Tower, Poised To Be Sarasota’s Tallest Building

8:00 am on July 10, 2023 By Oscar Nunez

The Federal Aviation Administration (FAA) has received building permit applications for Obsidian Residences, an 18-story condominium tower planned for 1260 North Palm Avenue in Sarasota, Florida. This proposed tower, set to become the city’s tallest building, would stand at 321 feet. The development would feature just 14 residences in Sarasota’s downtown area with impressive ceiling heights ranging from 10 to 14 feet and interiors by Los Angeles-based Troy Adams. The project, developed by MK Equity Corporation, is situated on a 12,366-square-foot site and aims to replace an aged commercial plaza adjacent to the Bay Plaza Condominium. It is also conveniently situated across the street from the Art Ovation Hotel and Palm Avenue Parking Garage.

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Mill Creek Residential Acquires 2.91-Acre Site To Expand Cornertstone Mixed-Use Development In Coral Springs

8:00 am on July 9, 2023 By Oscar Nunez

Mill Creek Residential, under the MCREF MFR 1 Coral Springs II LLC affiliate, has made another significant move in the vibrant South Florida real estate market, acquiring a valuable multifamily development site in Coral Springs for $13 million. The 2.91-acre parcel, nestled within the Cornerstone mixed-use development at 3310 University Drive, will pave the way for a new project. The sale was facilitated by Coral Sample LLC, led by Rod Sheldon of Predesco in Boca Raton and Arctrust Investment Manager from Clifton, New Jersey. The transaction represents a land price of $102 per square foot, reflecting the immense potential of this prime location.

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40-Story Mixed-Use Tower Proposed Beside Brightline Fort Lauderdale Train Station

8:00 am on July 8, 2023 By Oscar Nunez

A 40-story mixed-use tower is proposed for a vacant property at 105 Northwest 3rd Avenue, adjacent to the Brightline Fort Lauderdale train station. The project, named Brightline Residences, aims to enhance the urban landscape of the area. With a height of 466 feet, the tower would encompass 609,381 square feet of space. The proposed plans include 392 residential units, comprising 240 studios/one-bedroom units and 152 two-bedroom units. Additionally, the development will feature 493 parking spaces, 5,986 square feet of commercial space, and 2,888 square feet designated for restaurants. FSMY Architects + Planners has skillfully designed the project, while Ocean Land Investments Inc, operating under BRIGHTLAND FTL OWNER, LLC, is the developer. The proposal is scheduled for review by Fort Lauderdale’s Development Review Committee on June 11. 

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