Earlier this week, the St. Petersburg Development Review Commission approved Skyway Village, a mixed-use development in the Skyway Marina District. The venture will involve demolishing most of a 380,000-square-foot facility that exists on the 34.3-acre build site.
Related Companies has acquired Sorrento, an affordable housing community in Miramar, Florida, from Zom Foxcraft, an entity tied to ZOM Living and NRP Group for $48.2 million, equating to $150,625 per unit. The 320-unit, garden-style apartment community offers LIHTC income-restricted apartments at 8991 and 9577 Southwest 41st Street. The property was completed by ZOM Living in 2012 and was originally financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.
The city’s Planning & Zoning Board is set to deliberate on the proposed land use amendment for “Water’s Edge” on October 3. This transformative project is earmarked for the 22.4-acre site situated at 1600 S.W. 80th Terrace.
Aria Development Group, Largo, and Place Projects have secured $77 million in construction financing for 2200 Brickell, a five-story, 105-unit luxury condominium development at 2200 Brickell Avenue, situated along Brickell’s historic Millionaire’s Row. The construction financing was provided by Bank OZK, represented by King & Spalding. Hunton Andrews Kurth and The Aztec Group represented the developers. 2200 Brickell is slated to break ground in Q4 2023 with Ortega Construction Company as the general contractor.
Terra has finalized construction on Doral Atrium, a 78,000-square-foot retail space in the City of Doral. Concurrently, the firm has announced a 1,480-square-foot lease with TREMBLE Pilates Studio at the location. This marks TREMBLE’s eighth South Florida branch, adding to an expanding national presence. Located at the intersection of Doral Boulevard and 79th Avenue, Doral Atrium occupies 5.2 acres. Grycon served as the general contractor, alongside C&C Concrete Pumping as the concrete contractor, and Central Concrete Supermix provided concrete building materials.