Valhalla Island Resort will start construction in April 2022, records show. The 26-acre mixed-use venture in Marathon, Florida, will comprise a three-story 29-room resort and 50 residential units. It’s owned by Johnny Morris, the founder of Bass Pro Shops.
New York-based developer, Naftali Group, a leading privately held global real estate development and investment firm, recently announced it has closed on a development site allowing 1.3 million square feet of new construction at 1016 Northeast Second Avenue in Miami Worldcenter, which spans 27 acres near Downtown Miami and is the second largest active private development in the United States with $4 billion in total investments. Naftali, in partnership with Cara Real Estate Management, purchased the site for $40.5 million. Mika Mattingly, Executive Managing Director at Colliers’ Urban Core Division, represented both Naftali, and Akara Partners, the seller, in the off-market transaction. According to a press release, the developer is planning to construct two supertall residential towers, which would be the first for Miami Worldcenter. Pre-sales for 1016 Northeast Second Avenue are slated for the end of this year.
Aurora St. Leon Apartments is unfolding in Ocala, Florida. Records show that the multi-family housing development will offer 277 apartments, ranging from one-bedroom to three-bedroom layout plans. There will be 10 different floor models to choose from. Originally, the development was called “Bel Canto.”
The Planning and Zoning Board of Fort Lauderdale has unanimously approved site plans for Raintree Riverwalk Residences, a two-towered mixed-use development of 28 and 29 stories anticipated to break ground this summer within a 2.42-acre site encompassing the addresses 408 Southwest 4th Street and 403 Southwest 3rd Avenue in the Tarpon River neighborhood. The project is located on the south bank of the New River, bound by Southwest 4th Court on the South, the Esplanade On The River condominium to the West and the South Florida Boat Club to the East. Designed by PALMA and developed by Cymbal Development led by real estate developer Asi Cymbal, the development will yield 677 residential units, 21,000 square feet and 1,075 parking spaces.
Atlantic Pacific Communities has plans for a $28 million affordable housing complex in the Overtown Miami area. It’s called “Culmer Place.”