Mattamy Homes, the largest privately owned homebuilder in North America, has announced plans to develop a new community, Sienna, in Cooper City, Fla. Sienna recently broke ground, and sales will begin in early 2023. The luxury community is Mattamy’s first foray into the Fort
Lauderdale market, following many other successful projects in southeast Florida.
Encore at 331 is a new residential community planned for Freeport, Florida. The venture will offer 258 units spread across four buildings, per LDI Line. It will rest on a 15.58-acre build site and require more than 270,000 square feet of new construction to reach completion.
New York developer Shahab Karmely of KAR Properties and Miami developer Edgardo Defortuna of Fortune International Group announced a new partnership to co-develop One River Point, two connected riverfront-facing 66-story residential towers with a combined 300 units planned for 24 Southwest 4th Street in Downtown Miami. Under the One River Point Partners, LLC, the pair purchased the site from the original entity of One River Point, Miami River Project LLC, paying $58.85 million. The parcel enjoys an enviable location in the city’s epicenter, just steps from the Brickell financial district and luxury retail shopping and entertainment center, Brickell City Centre, as well as the major transportation hubs, and within minutes from Miami Beach, the Port of Miami, major international airports, and cultural landmarks such as the Adrienne Arsht Center, American Airlines Arena and Perez Art Museum.
ZOM Living, in partnership with NRP Group, has completed the sale of Monterra, an award-winning affordable housing community at 2601 Solano Avenue, Cooper City in Broward County. The 300-unit, garden-style apartment community offers LIHTC income-restricted apartments. The ZOM/NRP partnership also developed nearby Sorrento at Miramar, a 320-unit rental community financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.
501 First Miami is a luxury, high-rise tower unfolding in Miami-Dade County. Although construction hasn’t started yet, the project’s gaining a lot of traction, with developers having submitted building permits for approval earlier this month.
