Ground has officially broken on Elemi at Grove Village, a multifamily housing complex in Miami’s Coconut Grove neighborhood. The five-story building will offer 46 apartments, ranging from 965 square feet to 1,535 square feet.
The Congress Group and Taurus Investment Holdings, LLC, Boston-based developers, have secured Federal Aviation Administration (FAA) approval for Civica Center Phase II, a 27-story residential tower set to rise at 1050 Northwest 14th Street in Miami’s Allapattah neighborhood. The 301-foot-tall structure is designed by CUBE3 Architects, with Kimley-Horn serving as the civil engineer and landscape architect.
Integra Heights is nearing the end of construction in Clermont, Florida. The Class A multi-family development will comprise 289 units spread across five four-story residential buildings and four two-story carriage buildings.
Concord Summit Capital, LLC (“Concord Summit”) has arranged a $12 million bridge loan for an infill property in Downtown Miami. Managing Director Justin Neelis and Associate Keegan Burger of Concord Summit’s Miami office sourced and advised the loan. The bridge loan is intended to refinance the existing mortgage and provide predevelopment funds for the sponsor, Bluetrich Holdings, Inc (BHI). BHI plans to utilize these funds to realize its vision for the property, a 0.55-acre parking lot acquired in 2021 for $18 million. The site at 130 Southeast 1st Street benefits from the highest density zoning allowed, presenting a significant development opportunity.
Our sources report an exciting venture taking shape in Daytona Beach, Florida. The community? Integra Tymber Creek, a high-end multifamily housing development.
