Florida YIMBY

Invesca Secures $94M in Additional Financing for Completion of Pixl Apartments in Plantation

8:00 am on August 20, 2024 By Oscar Nunez

Invesca Development Group has secured $94 million in financing to complete the construction of its Pixl apartments in Plantation. The project, located at 4350 West Sunrise Boulevard, will feature 330 apartments. The new funding was necessary to address the maturity of the original construction loan, manage additional costs from hiring a new contractor, and support the project through lease-up, according to Jay Miller of BayBridge Real Estate Capital. Miller, along with Spencer Miller, AJ Felberbaum, and Noah Rothman, facilitated the financing through Madison Realty Group and Taconic Capital Advisors.

‘Bayou Court Apartments’ Tops Out at 4201 4th Street South, St. Petersburg, FL

7:00 am on August 20, 2024 By Colt Dodd

In December 2023, Florida YIMBY reported on Bayou Court Apartments, a housing development in South St. Petersburg. Now, eight months later, we have an update on this emerging venture. St. Pete Rising reports that the mid-rise venture has officially topped out, drawing the project closer to completion.

Second Phase Of Quail Roost Station Breaks Ground Along Forthcoming Transit Hub In Miami-Dade County

8:00 am on August 19, 2024 By Oscar Nunez

Atlantic Pacific Companies has broken ground on an affordable housing project for seniors at Quail Roost Station in Perrine. This development will be a hub along Miami-Dade County’s forthcoming electric bus rapid transit system and offer direct access to public transportation along the South Dade TransitWay, making it a crucial part of its transit-oriented community initiatives.

40-Unit ‘Belle Apartments’ Planned for 18234 Homestead Ave, Miami, FL

7:00 am on August 19, 2024 By Colt Dodd

Belle Development LLC hopes to move forward with the Belle Apartments, an eight-story venture near the future South Dade TransitWay. If approved, the project would offer 40 homes measuring 532 to 1,100 square feet.

Construction Progresses on 70-Story Okan Tower at 555 N. Miami Avenue in Downtown Miami

8:00 am on August 18, 2024 By Oscar Nunez

Construction continues to advance on Okan Tower, a 70-story mixed-use building under development at 555 North Miami Avenue in Downtown Miami. Designed by Behar Font & Partners and developed by Okan Group, the 902-foot-tall, 914,124-square-foot structure will include 399 residences, a 316-key hotel, 64,000 square feet of Class A office space, and a range of indoor and outdoor amenities. The tower is being constructed on a 0.86-acre corner plot bordered by North Miami Avenue to the west and Northeast 6th Street to the north. Witkin Hults + Partners serves as the landscape architect.

Pebb Capital, Sabal Investment Holdings Acquire “The Press” in West Palm Beach, Plans for Major Improvements

8:00 am on August 17, 2024 By Oscar Nunez

Pebb Capital and Sabal Investment Holdings have announced the acquisition of “The Press,” a mixed-use property located at 2751 South Dixie Highway in West Palm Beach, Florida. The transaction, made in an off-market deal with Tricera Capital, includes plans for nearly $80 million in acquisition and repositioning efforts. These plans involve significant capital improvements, such as enhancing the office building’s common areas, completing spec suites, and upgrading the landscape and hardscape along Dixie Highway to attract additional high-quality tenants.

‘Cypress Grove’ to Offer 84 Affordable Housing Units at 555 16th Avenue Southeast, Largo, FL, 33771

7:00 am on August 17, 2024 By Colt Dodd

Cypress Grove Apartments will offer 84 units. Forty-five units will be reserved for those earning up to 60 percent of the area median income (AMI), while the remaining 39 will be for those earning up to 80 percent.

$35 Million Financing Secured for JEM Private Residences at 1016 NE 2nd Avenue in Miami Worldcenter

8:00 am on August 16, 2024 By Oscar Nunez

BHI, the U.S. division of Bank Hapoalim and a full-service commercial bank, announced the provision of $35 million in predevelopment financing to Naftali Group for JEM Private Residences, a 67-story mixed-use tower planned for 1016 Northeast 2nd Avenue in Miami, Florida. The over 700-foot-tall development will include 259 condominium units, 530 multifamily rental units, 3,259 square feet of ground-floor retail space, and 283,863 square feet dedicated to parking.

23-Story ‘Lumaire’ Completes Construction at 201 Clearwater Drive, West Palm Beach, FL

7:00 am on August 16, 2024 By Colt Dodd

Lumaire, a 23-story residential venture in Downtown West Palm Beach, has finished construction and is now leasing. Multi-Housing News reports that the community features 457 “light-filled residences”, with floorplans ranging from studio to three-bedroom apartments.

New Rendering Revealed for The Residences at Mandarin Oriental, Miami

8:00 am on August 15, 2024 By Oscar Nunez

A new rendering has been revealed for The Residences at Mandarin Oriental, Miami, a 66-story residential tower at 500 Brickell Key in Miami. Designed by Kohn Pedersen Fox and developed by Swire Properties, the rendering offers a hero perspective looking upwards towards the apex of the building, showcasing the architectural and structural details in greater clarity. The design emphasizes the tower’s curved corners and subtle convex profile, contributing to its sleek and modern aesthetic.

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