Miami-based developer Shoma Group (Shoma) has purchased a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million. The property, bound by Douglas Road to the west and Metrorail’s elevated railway to the south, will be cleared to make way for Shoma One, a two-towered 18-story mixed-use development designed by MSA Architects with 391-unit apartment community and a Shoma Bazaar food hall. The development is scheduled to break ground in January 2023 and is expected to be completed in 18-24 months with an estimated cost of $220 million to build.
City Furniture’s been a home improvement staple in South Florida since 1971. Now, the brand has its sights set on a new one million-square-foot warehouse and store in Plant City. The venture, standing on 11 acres, will cost $100 million to build.
Construction has topped off for Madison Point Apartments, a multi-building garden-style mixed-use development community under construction along South Dixie Highway intersecting with Henderson Street in Naranja, Miami-Dade County. Designed by Palenzuela & Hevia Design Group and developed by JQ Group, the development is comprised of four 4-story buildings containing 263 residential units and 14,355 square feet of ground floor commercial space. Davie-based ANF Group, Inc., the general contractor on the project, officially announced the topping out of the concrete structures, and is scheduled for completion towards the end of this year.
Pointe Grande Apartments is slated for Palm Coast, Florida. Hillpointe, LLC is the owner and general contractor. Matthews Design Group is the civil engineer. Completion’s expected in Fall 2022.
South Florida is currently experiencing a shift in demand for luxury real estate, where the most fortunate of buyers are drifting away from the coastal cities and opting for inland areas that can offer high caliber luxury single-family homes without sacrificing space or land. Developers Alex Yokana, Jairo Vela, Michael Sochaczevski, and Amos Sochaczevski understood the preferences of this niche of buyers very well, and set their eyes on a 44-acre swath of pristine land located at 4701 Akai Drive, just south of Griffin Road in the Tara subdivision of Southwest Ranches in Broward County. Construction is soon to begin on the lavish homes of AKAI Estates, a fully gated ultra-luxurious community comprised of only 16 residences featuring unique modern architectural designs by Portuguese architect Vasco Vieira with Jiro Yates as the architect of record, open floor plans of 7,000-12,000+ square feet, stunning finishes and attention to detail, and access to a variety of uncommonly upscale neighborhood amenities.