Two developers have secured nearly $77 million in financing for an affordable housing project currently undergoing construction in Hollywood.

Ground has been broken on The Ritz-Carlton Residences, West Palm Beach, a 27-story luxury condominium tower at 1717 North Flagler Drive in the North Flagler District, developed by Related Group and BH Group in partnership with Marriott International. This waterfront project is the first Ritz-Carlton-branded residential development in West Palm Beach and is more than 70 percent pre-sold. Completion is expected in 2028.

Green Mills Group and its nonprofit partner, the Pantry of Broward, are working together on a multi-family housing project in Fort Lauderdale’s Progresso Village neighborhood. Construction started on the venture this past week; it’s expected to take about a year.

The Sunny Isles Beach City Commission has approved the 62-story oceanfront condominium tower planned at 19051 Collins Avenue in Sunny Isles Beach. The project is being developed by The Related Group in partnership with Dezer Development and BH Group.

Atlanta-based Pulte Homes has started construction on the first phase of a master-planned housing development in Central Florida. The transformative venture will occupy 900 acres, most of which is set aside for housing.