The Flats Resort and Spa is continuing construction in Central Florida. The seven-story venture, which will require more than 180,000 square feet of new construction, is scheduled for completion in early 2025.
On October 10, 2023, the Wynwood Design Review Committee will assess a waiver request for a 12-story mixed-use development at 18 Northwest 23rd Street. Designed by Arquitectonica with interiors by MKDA and developed by Alchemy-ABR-BCP Wynwood LLC (an affiliate of New York-based Alchemy-ABR Investment Partners), this structure will rise 178 feet, comprising 291,767 square feet. This space includes 158,309 square feet for residential purposes, distributed among 178 rental units, 12,852 square feet for indoor and outdoor amenities, 13,520 square feet for ground-floor retail, and 167 parking spaces. The project’s genesis traces back to Alchemy Properties’ acquisition of the 34,200-square-foot parking lot from The Salvation Army for $18 million in October 2022.
Earlier this week, the St. Petersburg Development Review Commission approved Skyway Village, a mixed-use development in the Skyway Marina District. The venture will involve demolishing most of a 380,000-square-foot facility that exists on the 34.3-acre build site.
Related Companies has acquired Sorrento, an affordable housing community in Miramar, Florida, from Zom Foxcraft, an entity tied to ZOM Living and NRP Group for $48.2 million, equating to $150,625 per unit. The 320-unit, garden-style apartment community offers LIHTC income-restricted apartments at 8991 and 9577 Southwest 41st Street. The property was completed by ZOM Living in 2012 and was originally financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.
The city’s Planning & Zoning Board is set to deliberate on the proposed land use amendment for “Water’s Edge” on October 3. This transformative project is earmarked for the 22.4-acre site situated at 1600 S.W. 80th Terrace.
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