ANF Group Breaks Ground On Sol Vista At 11251 Caribbean Blvd. In Cutler Bay, Miami-Dade County

General Contractor ANF Group has broken ground on Sol Vista, an 8-story senior living community located at 11251 Caribbean Boulevard in Cutler Bay, Miami-Dade County. Designed by Burgos Lanza & Associates and developed by MRK Partners and Cypress Equity Investments, this 227-unit affordable housing development will offer apartments reserved for those aged 62 and older and those earning no more than 60% of the Area Median Income (AMI) or approximately $40,980 for one-person households and $46,800 for two-person households. The project is scheduled for completion in mid-2024.

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$43.2 Million Refinancing Loan Secured For Residential Development At 2835 Tigertail Avenue In Coconut Grove, Miami

Miami-based Terra and AB Asset Management have secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit residential building planned at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing provided by the City National Bank of Florida and KS Finance Corporation will fund preliminary demolition and site work in preparation for the project’s groundbreaking. Construction of Residences in the Grove is estimated to get underway later this year, with completion slated for 2025.

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Developers Sign Utility Agreement For Upcoming Supertall One Brickell City Centre

The developers of One Brickell City Centre have signed a utility agreement to connect the upcoming supertall office tower at 700 Brickell Avenue to Miami-Dade County’s water and sewer system. The agreement, dated February 22, lists 700 Brickell City Centre LLC and Brickell City Centre Project LLC as the developing entities, with Kieran Bowers of Swire Properties signing on behalf of both entities. Hudson Yards developer Related Companies, led by Stephen Ross, is also a partner in the project. Miami-based Arquitectonica designed the project.

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