In June 2022, Florida YIMBY reported on the Gateway Luxury Apartments, a residential housing development in Pompano Beach. Now, the developer has secured the $18 million construction loan needed to push the project to completion.
The Federal Aviation Administration has issued permits for two tower cranes at 520 West Broward Boulevard in Fort Lauderdale, where Woodfield Investments plans to build a 41-story tower. The permits, issued on August 7 and expire on February 7, 2026, allow the cranes to rise 507 feet and 546 feet above ground, or 511 and 550 feet above mean sea level. The development, designed by Spina O’Rourke + Partners with landscape architecture by EDSA, will feature 365 apartments, 2,500 square feet of commercial space, and a 444-space parking garage.
Miami-based real estate development firm 13th Floor Investments has initiated construction on Parks at Hallandale, a multifamily development located at the southeast corner of Pembroke Road and Northeast 1st Avenue in Hallandale Beach, Broward County. The 15.5-acre project, occupying the sites at 106 and 2002 Pembroke Road, plus 700 and 1000 Northeast 1st Ave, will consist of 398 market-rate and workforce apartments across five-story buildings, with approximately 6,500 square feet of ground-floor retail. CIBC Bank USA provided a loan of $83 million for the project’s construction. Berkadia’s Florida team, led by Scott Wadler and Alec Fox, facilitated preferred equity from Houston-based Marble Capital. The project is expected to be completed in 2026.
Construction has started on The Parks at Hallandale, a mixed-use venture in Broward County, following the security of a $83 million construction loan. Upon completion, the venture will offer 398 homes in seven five-story buildings, offering a mix of at-market rate and workforce housing units.
Palm Beach Atlantic University has unveiled plans for a 25-story dormitory on its West Palm Beach campus to accommodate its expanding student body. The city’s Plans & Plats Review Committee reviewed the proposed student housing tower on August 8. Situated on a 1.71-acre site at 1200 South Dixie Highway, the new dormitory would replace the 3,852-square-foot visual arts building slated for demolition.
