The COVID-19 pandemic has increased demand for hotel rooms in South Florida, with close to 5,000 new rooms opening by 2026. One of the planned hotels is Collins Park Miami, a multi-building venture that will comprise 172,000 square feet.
Atlanta-based SJC Ventures has submitted a proposal for a grocery-anchored retail center in Doral, Florida. The retail developer, operating through affiliate Doral Marketplace LLC, filed a municipal pre-application with Miami-Dade County officials regarding the project. SJC Ventures stated that it has a 10.1-acre site at the southwest corner of Northwest 107th Avenue and Northwest 41st Street under contract from Bridge Industrial.
Corporate Realty’s got big plans for an assisted living facility in Davie, Florida. Construction on the $30 million venture could start in July 2023. Upon completion, it’ll offer more than 40,000 square feet of new construction, featuring a four-story assisted living facility and a three-story medical office building.
South Florida-based Affiliated Development and the City of West Palm Beach are joining forces to develop The Spruce, an 8-story, 270-unit apartment building featuring 2,330 square feet of retail space for a café and garage parking. The West Palm Beach City Commission recently approved a site plan review that endorses a partnership agreement between the City’s Housing & Community Development department and the locally-based developer for workforce housing incentives. As part of this collaboration, the developer will benefit from $2.5 million in grant proceeds dispersed over a three-year period, in addition to fee waivers and reductions offered by the department.
Cigar Lofts at Albany will comprise 21 apartments, along with 10 townhomes south of the property. Our sources report that these townhomes will range from 2,000 square feet to 2,400 square feet.
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