Construction Underway for Bay Harbor Towers at 10141 East Bay Harbor Drive in Miami’s Bay Harbor Islands

8:00 am on September 27, 2024 By Oscar Nunez

PPG Development and L3C Capital Partners have officially broken ground on Bay Harbor Towers, an eight-story waterfront condominium at 10141 East Bay Harbor Drive in Miami’s Bay Harbor Islands. Designed by renowned architect Kobi Karp, the project offers luxurious living with modern architecture and unparalleled views. The residences’ sales started in late 2023 and reached over 50%, with the remaining units priced from $2.6 million. The development is expected to be completed by 2026; Civic Construction is the general contractor.

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Mixed-Use ‘The Lofts at Southbank’ Planned for 2025 Groundbreaking at 1004 Hendricks Avenue, Jacksonville, FL

7:00 am on September 27, 2024 By Colt Dodd

Vestcor Companies and the Simpson Organization have received final approval for a mixed-use venture in Jacksonville. The Lofts at Southbank will measure 10 stories above grade, combining affordable housing with a self-storage aspect. The final approval comes on the heels of public opposition, architectural changes, and other obstacles.

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West Eleventh Residences Breaks Ground at 18 Northwest 11th Street in Park West, Miami

8:00 am on September 26, 2024 By Oscar Nunez

Developers Property Markets Group (PMG), Lion Development Group, and Marc Roberts Companies have broken ground on West Eleventh Residences in Miami. This 44-story project will feature 659 fully furnished luxury residences in the Park West neighborhood. It is designed with short-term rental flexibility in mind, allowing owners to host guests year-round on platforms like Airbnb. 

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$103 Million Loan Secured for Mixed-Use Development ‘The Gardens Residences’ in North Miami

8:00 am on September 25, 2024 By Oscar Nunez

Berkadia has arranged a $103 million construction take-out loan for The Gardens Residences, a mixed-use multifamily project in North Miami being completed in two phases. The financing was secured by Berkadia’s Senior Managing Director Charles J. Foschini, Managing Director Christopher Apone, Vice President-Originations Lourdes Carranza-Alvarez, and Associate Director Shannon Wilson on behalf of the sponsor, Omega Real Estate Management, a vertically integrated real estate management company focused on redeveloping downtown North Miami.

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