Developers Secure $83 Million Construction Loan For 25-Story Mixed-Use Project In Downtown Hollywood

Fort Lauderdale-based BTI Partners and Salt Lake City-based Bridge Investment Group have secured an $83 million construction loan from Canadian Imperial Bank of Commerce for a new 25-story mixed-use development in Downtown Hollywood’s Central Business District. The development site, acquired by the developers in 2021 for $11 million, was once home to the long-neglected and now demolished Hollywood Bread Building. Located at 1727-1745 Van Buren Street, 1700-1716 Harrison Street and 1740-1760 South Young Circle, the redevelopment of the site is an important step in the revitalization of the west end of Downtown Hollywood anchored by the 10-acre ArtsPark at Young Circle. The new development will yield 362 market-rate apartments and about 16,000 square feet of retail space, designed by Adache Group Architects and Modis Architects.

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Le Parc at Lauderhill to Offer 330 Units in Lauderhill, Florida, 33313

Le Parc at Lauderhill is scheduled to start construction by the first quarter of 2023 and offer units in 2025. The Real Deal reports that the multi-family residential complex will offer 330 units. Of those units, 144 are garden-style units, and 186 are mid-rise apartments. They will be spread across eight separate buildings, measuring three to seven stories above grade.

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Demolition And Tree Permits Filed For 6001 NE 2nd Avenue In The Magic City Innovation District

Permits have been filed for demolition work and tree removal at 6001 Northeast 2nd Avenue, a lengthy 6.11-acre stretch of land located within the confines of the Magic City Innovation District emerging at the borders between Little River and Little Haiti in Miami. The site is located specifically located between Northeast 2nd and 4th Avenues with Northeast 60th Street directly to the south and Northeast 61st Street is the northern most thoroughfare. Plaza Equity Partners is listed as the owner of both permit applications, who is developing the mixed-use community along with investment firms Lune Rouge and Dragon Global. Plans for this particular site include an approved multifaceted 25-story residential tower, currently dubbed Parcel 11, designed by Arquitectonica which includes 522,806 square feet of space including 349 luxury residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces.

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One Park Sarasota to Offer More than 120 Luxury Residences in Sarasota County, FL

Construction on One Park Sarasota is expected to start later this Fall. The multi-million-dollar venture will offer 123 residences with six penthouses. Homes start at $2.8 million. Most units measure 2,760 square feet to 4,280 square feet––and they come fully furnished. The penthouses (each of which offer three bedrooms) measure 5,500 square feet to 8,460 square feet.

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The Benjamin Companies Proposes Mixed-Use Development With Two 30-Story Towers For 777 SE 3rd Avenue In Downtown Fort Lauderdale

Site plans have been filed for The Benjamin, a 30-story, tw0-tower mixed-use development proposed for 777 Southeast 3rd Avenue in Downtown Fort Lauderdale. Designed by FSMY Architects + Planners for New York-Based developer The Benjamin Companies, the massive 1,170,112-square-foot superstructure would top off at approximately 341 feet and yield 542 residential units, 13,764 square feet of commercial space and 801 parking spaces. Architectural Alliance Landscape is serving as the landscape architect, Botel Thurlow Engineering is the civil engineer and Michael S. Wiener is the land use attorney. Fort Lauderdale’s Development Review Committee will consider plans for The Benjamin this upcoming Tuesday, August 23rd. 

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