Florida YIMBY

Cymbal DLT Companies Secures $102.5 Million In Financing From Related To Acquire And Break Ground On 341-Unit Miami Gardens Project

8:00 am on June 16, 2022 By Oscar Nunez

Miami-based development and construction company, Cymbal DLT Companies, closed on a $102.5 million loan from Related Fund Management for the development of a 341-unit, market-rate multifamily housing project at 20775 NW 17th Avenue in Miami Gardens, Florida. The project comprises 11 Class-A apartment buildings designed PALMA centered around a sculpture-filled lake to maximize views and encourage outdoor activities.

Lynn Townhomes To Offer Three Luxury Homes at 712 Northeast 8th Avenue, Delray Beach, Florida

7:00 am on June 16, 2022 By Colt Dodd

Lynn Townhomes is slated for construction in Delray Beach, Florida. According to the Sun-Sentinel, plans call for three two-story luxury homes, measuring 2,200 square feet to 2,740 square feet each. Each home comes with a swimming pool and parking garage.

JDS Development Group Lands $86 Million In Financing For 64-Story Mixed-Use Development At 1 Southside Park

8:00 am on June 15, 2022 By Oscar Nunez

New York and Miami real estate developer JDS Development Group (JDS) announced that it has secured an $86,000,000 acquisition and construction loan from New York-based Maxim Capital Group for 1 Southside Park, a two-towered 64-story block-sized mixed-use development underway in Brickell, Miami. This transformative project is designed by a world-class design team from SHoP Architects with ODP Architecture & Design as the architect of record, residential interiors by Krista Ninivaggi of Woods Baggot, hotel interior design by Rockwell Group and landscaping by James Corner Field Operations. 1 Southside Park will comprise 1,175 residential rental units, 190,000 square feet of premier office space, a 200-key Treehouse Hotel, 10,000 square feet of retail space, and 1,400 parking spaces.

Rosewood Residences at Lido Key Slated for 930 and 1008 Benjamin Franklin Drive, Sarasota, Florida

7:00 am on June 15, 2022 By Colt Dodd

Rosewood Residences at Lido Key is unfolding in Sarasota, Florida. The $26.4 million venture, while still in its infancy, will comprise an eight-story building with 65 luxury units.

Foundation Permit Issued For 47-Story Residential Tower At 77 SE 5th Street In Brickell

8:00 am on June 14, 2022 By Oscar Nunez

A phased foundation permit has been issued to Miami-based real estate developer Related Group for a 47-story residential tower at 77 Southeast 5th Street in Brickell, Miami. According to a pending permit for vertical construction filed in December 2020, the plan for this development is a 478-foot-tall tower with 720,101 square feet of space including 506 multi-family rental units. The project is going by the name of One Brickell Tower II for the time being, and is designed by Arquitectonica. John Moriarty & Associates of Florida Inc. is listed as the general contractor. The permit was approved on June 2, 2022, and Related will have until November 29, 2022 to complete foundation work.

The Stellar Central Park To Start Construction at 2500 Roma Way, Port Saint Lucie, Florida, 34987

7:00 am on June 14, 2022 By Colt Dodd

Construction is expected to start on the Stellar Central Park later this summer. Stellar Communities, the owner and general contractor, plans on building the luxury rental community in Port Saint Lucie, Florida. There will be 158 homes to choose from, with three different layout plans.

PMG And Sentral Partner Up For Dual-Tower, 1.5-Million-Square-Foot Mixed-Use Development At 130 SW 8th Street In Brickell, Miami

8:00 am on June 13, 2022 By Oscar Nunez

National investment, development, and asset management firm Property Markets Group (PMG), and Sentral, the rapidly expanding prop-tech company creating the world’s largest flexible living community, announced a partnership to develop a two-phase, 803-unit multifamily community with more than 15,000 square feet of retail space in the heart of Miami’s Brickell neighborhood. The acquisition of the site at 130 Southwest 8th Street will mark Sentral and PMG’s first partnership, as well as Sentral’s first purpose-built development as part of the brand’s national expansion. Phase one includes a 550-foot-tall, 46-story tower with 570 units and will break ground in late 2022, with completion slated in late 2024. Phase two will include a 380-foot-tall, 31-story tower with 233 units.

Palisades To Start Construction This Fall at 6725 Yarberry Lane, Naples, Florida

7:00 am on June 13, 2022 By Colt Dodd

Seagate Development Group LLC will start construction on Palisades this fall. The multi-million-dollar venture (located in Naples, FL) will offer 25 luxury homes in a 12-acre community. Per Naples Daily News, residents can choose from six customized floor plans. Palisades will be a large version of Windward Isle, a similar-sized development that the owner is also working on.

AIMCO Plans 3-Million-Square-Foot Development At Former Sears Site In Fort Lauderdale

8:00 am on June 12, 2022 By Oscar Nunez

Denver-based real estate developer AIMCO has acquired a 5.7-acre piece of property at 901 North Federal Highway in Flagler Village, Fort Lauderdale, the former Searstown site which once thrived as a retail anchor for the neighborhood, lasting 66 years in business. The previous owner, RK Associates, an affiliate of Sunny Isles Beach-based RK Centers led by Miami Heat co-owner Raanan Katz, sold the site for $64 million. The 155,760-square-foot retail space on-site is slated for demolition and redevelopment.

Lennar Homes Proposes Altimira, a Housing Development at 1800 Palm Drive, Homestead, Florida, 33035

7:00 am on June 12, 2022 By Colt Dodd

Lennar Homes hopes to move forward with a new housing development in Homestead, Florida. Meet Altimira. The multi-million-dollar community will offer more than 1,000 homes, including villas, single-family homes, and townhouses.

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