Monument Capital Management, an A Rod Corp company, has completed the acquisition of Grove Park Apartments, a 324 unit Class A multifamily community in Tallahassee, Florida. Monument Real Estate Services, an affiliate of Monument Capital Management, will oversee management of the property.
Three developers have started construction on a four-story housing development for seniors in Central Florida.
South Florida developers 13th Floor Investments and Key International, in partnership with CDS International Holdings and Wexford Capital, have broken ground on Skye, a 327-unit multifamily community within the 50-acre Parks at Delray development in Delray Beach. The project is being financed with a 79.2 million dollar construction loan from CIBC Bank USA and follows the completion and lease-up of Savio, the joint venture’s first residential phase. Construction is scheduled to be completed in 2027.
Texas-based Claremont Property Company has plans for a boutique condominium in Fort Lauderdale.
New renderings and diagrams have been released for the updated redevelopment proposal at 1040 Bayview Drive in Fort Lauderdale. Designed by MSA Architects with landscape architecture by Architectural Alliance Landscape, the filing submitted by Sunrise and Bayview Partners, LLC, an affiliate of Procacci Development Corporation, seeks to amend the previously approved mixed-use plan under the project’s updated name, The Residences at Bayview. The 2.4-acre property is located on the northeast side of Bayview Drive and East Sunrise Boulevard, north of The Galleria and near the Intracoastal Waterway.
