Bay Harbour Marina Village, formerly known as “Compass Rose Marina,” is advancing in Lee County, FL. The project, which will cost more than $10 million, includes both retail and residential space.
The Melo Group has filed new construction permits for 700 Northeast 24th Street, the site of the planned twin 62-story Aria Reserve Miami towers in Edgewater, Miami. The work items listed in the application pertain to site work only, which includes excavation, piles and site/soil improvements. Designed by world-renown architectural firm Arquitectonica, the pair of skyscrapers is planned to rise to the maximum height permitted in the area which is 649-feet, and will become the tallest residential twin towers on a waterfront in the country. The developer intends to yield 782 residences across 5-acres of land with this project.
Construction began on Oversea Apartments in July 2021, the Construction Journal reports. The $45 million Class A complex seeks to provide over 220 housing units to those living in West Palm Beach, FL.
Jacksonville Jaguars owner Shad Khan is planning an ambitious mixed-use project just south of TIAA Bank Field and the Hart Bridge Expressway in Downtown Jacksonville. Iguana Investments, Khan’s development company, just recently received approvals from the city’s Downtown Investment Authority (DIA) to build a 170-room hotel along with 25 for-sale luxury residences and a 90,000-square-foot office building on the site of the former Kids Kampus by Metropolitan Park. Although there is no formal agreement in place, Four Seasons Hotel & Residences may be the intended brand for the hotel and residential component.
Miami and New York City-based investment, development, and asset management firm Property Markets Group (PMG), alongside partner Raven Capital Management (Raven) has announced the securing of a $120 million construction loan for their 825,000-square foot – 26-story Society Orlando mixed-use project located at 434 North Orange Avenue in Downtown Orlando. The loan is being provided for phase one of the development of the project, which broke ground in 2020. Funds are being provided by an entity managed by Los Angeles-based CIM Group.