An aging apartment building for seniors in St. Petersburg is slated for a major overhaul that will improve its common spaces, infrastructure, and windows.

South Florida-based Cymbal DLT Companies has secured $114 million in permanent financing for Laguna Gardens, a 341-unit multifamily community in Miami Gardens. The senior and mezzanine loans, provided by Apollo Global Management and RXR Realty Investments, paid off the development’s $102.5 million construction loan issued in 2022 by Related Fund Management, an affiliate of Related Companies.

Grove Prosperity Partners LLC, an entity comprising a church, non-profit organization, and developer, is seeking funds for an affordable housing development in Coconut Grove.

Reader Communities, an Orlando-based master-planned community developer, has acquired a 220-acre site in Howey-in-the-Hills, Florida, for the development of Lake Hills, a 560-home 55+ active adult community. The project, designed to provide resort-style living, will offer direct waterfront access to Lake Harris, proximity to Mission Resort & Club’s golf courses, and walkability to a future Publix-anchored shopping center.

Miami-based Lombardi Properties has proposed a high-rise office building in Miami-Dade County. The project would measure 12 stories above grade and comprise more than 45,000 square feet of new construction.