Florida YIMBY

Naftali Group Closes On 1.3-Million-Square-Foot Miami Worldcenter Site With Plans to Build Two Supertall Residential Skyscrapers

8:00 am on March 29, 2022 By Oscar Nunez

New York-based developer, Naftali Group, a leading privately held global real estate development and investment firm, recently announced it has closed on a development site allowing 1.3 million square feet of new construction at 1016 Northeast Second Avenue in Miami Worldcenter, which spans 27 acres near Downtown Miami and is the second largest active private development in the United States with $4 billion in total investments. Naftali, in partnership with Cara Real Estate Management, purchased the site for $40.5 million. Mika Mattingly, Executive Managing Director at Colliers’ Urban Core Division, represented both Naftali, and Akara Partners, the seller, in the off-market transaction. According to a press release, the developer is planning to construct two supertall residential towers, which would be the first for Miami Worldcenter. Pre-sales for 1016 Northeast Second Avenue are slated for the end of this year.

Aurora St. Leon Apartments Planned for 2211 Northwest 21st Street, Ocala, Florida, 34475

7:00 am on March 29, 2022 By Colt Dodd

Aurora St. Leon Apartments is unfolding in Ocala, Florida. Records show that the multi-family housing development will offer 277 apartments, ranging from one-bedroom to three-bedroom layout plans. There will be 10 different floor models to choose from. Originally, the development was called “Bel Canto.”

Cymbal Development Gets FAA Building Permits And Site Plans Approved For Raintree Riverwalk Residences In Fort Lauderdale

8:00 am on March 28, 2022 By Oscar Nunez

The Planning and Zoning Board of Fort Lauderdale has unanimously approved site plans for Raintree Riverwalk Residences, a two-towered mixed-use development of 28 and 29 stories anticipated to break ground this summer within a 2.42-acre site encompassing the addresses 408 Southwest 4th Street and 403 Southwest 3rd Avenue in the Tarpon River neighborhood. The project is located on the south bank of the New River, bound by Southwest 4th Court on the South, the Esplanade On The River condominium to the West and the South Florida Boat Club to the East. Designed by PALMA and developed by Cymbal Development led by real estate developer Asi Cymbal, the development will yield 677 residential units, 21,000 square feet and 1,075 parking spaces.

Culmer Place To Offer Affordable Housing Units at 800 Northwest 5th Avenue, Miami, Florida

7:00 am on March 28, 2022 By Colt Dodd

Atlantic Pacific Communities has plans for a $28 million affordable housing complex in the Overtown Miami area. It’s called “Culmer Place.”

First Look Inside The Standard Residences In Midtown Miami

8:00 am on March 27, 2022 By Oscar Nunez

Rosso Development and Midtown Development reveals interiors for the first ever The Standard Residences, a 12-story mixed-use development planned for 3100 Northeast 1st Avenue in Midtown, Miami. Designed by international architecture firm Arquitectonica with interiors by Urban Robot Associate, the project will yield 228 move-in ready residences while simultaneously allowing flexible short-rental programs with 30-day minimum stays up to 12 times per year, as well as 34,000 square feet of amenities and 10,000 square feet of ground floor retail.

Four Seasons Hotel Unfolding Near TIAA Bank Field in Jacksonville, FL

7:00 am on March 27, 2022 By Colt Dodd

In December 2021, Shad Khan, the owner of the Jacksonville Jaguars, told reporters that he felt Jacksonville was going “downhill.” In an effort to draw more visitors into the area, Khan’s development group, Iguana Investments, is focusing on a new Four Seasons in Duval County. Khan has been working on this venture since 2017.

Park Partners Residential And Independencia Asset Management Acquire 280-Unit The Commons And Plan $58.5 Million Renovation

8:00 am on March 26, 2022 By Oscar Nunez

Park Partners Residential, owner and operator of value-add and luxury multifamily apartment communities, and Independencia Asset Management have completed the $77,750,000 acquisition of The Commons, a multifamily residential community addressed as 8050 Gables Commons Drive in Orlando. The 19.28-acre property is located south of Little Lake Bryan Parkway and is east of Vineland Avenue and Interstate-4, just minutes away from Orlando Vineland Premium Outlets. Los Angeles-based Ares Management provided the funds for the purchase, which was brokered by Jubeen Vaghefi, Denny St. Romain and Charles Crapse of Cushman Wakefield. The newly formed joint venture between Park Partners Residential and Independencia Asset Management received a $58.5 million construction loan from American Real Estate Capital to fund an extensive renovation of the property’s 280 units, clubhouse and amenity spaces.

Oakley Square Apartments Undergoes Construction at 7960 Merchants Way, Jacksonville, FL, 32222

7:00 am on March 26, 2022 By Colt Dodd

Oakley Square LLC began construction on Oakley Square Apartments in the first quarter of 2022. The $22 million project will offer 312 residential units comprising more than 77,000 square feet of new construction. The Jacksonville Business Journal noted that the project needed 16 permits to be approved.

New Renderings Released For LOFTY Brickell At 99 Southwest 7th Street In Brickell, Miami

8:00 am on March 25, 2022 By Oscar Nunez

New renderings have been revealed for LOFTY Brickell, a 42-story residential skyscraper scheduled to break ground later this year at 99 Southwest 7th Street along the Miami River in Brickell, Miami. Located across from Brickell City Centre, at the junction of South Miami Avenue and Southwest 7th Street, the 1.62-acre site will give rise to an estimated 481-foot-tall building designed by Arquitectonica with landscape architecture by Urban Robot Associates, yielding 364 fully-finished and furnished residences with curated interiors by INC and 40,000 square feet of amenities. Newgard Development Group is the developer, who has on-boarded Cervera Real Estate as the exclusive sales and marketing firm. Units will come in studio, one- and two-bedroom floor plans as well as penthouses, priced from $493,000 to $1.3 million, and will offer owners flexible home-sharing options.

The Row Offers 48 Units to College Students at 1130 SW 5th Avenue, Gainesville, Florida

7:00 am on March 25, 2022 By Colt Dodd

The Row, a student housing community in Gainesville, Florida, is now leasing for fall 2022. The $16 million venture broke ground in early 2021, with Kast Construction Company LLC operating as the general contractor. The mixed-use venture requires about 140,000 square feet of new construction.

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