Miami-based BEA Architects, through affiliate OZ-MIA 11575 NW 7 Avenue LLC, hopes to move forward with a mixed-use venture. The 305 Athletic Club would measure eight stories above grade, requiring 200,000 square feet of new construction.
Slated to break ground in the first quarter of 2025, Glass House Boca Raton marks a significant addition to downtown Boca Raton’s architectural landscape. This venture, led by 280 E Palmetto Park Road, LLC, with Brandon Chasen and Paul Davis of the Baltimore-based Chasen Companies and Adam Gottbetter of Boca Raton-based ASG Development, will introduce the first modern glass residential building in the area. Located at 280 at Palmetto Park Road, the 10-story residential building is set to feature the city’s singular rooftop oasis, complete with a pool, jacuzzi, catering kitchen, and entertainment space.
Meet Olakino House. The project recently secured City Commission approval in January, allowing for the construction of 83 condos between two 13-story buildings.
Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan provided in 2021 by Bank OZK. Completed in the Summer of 2023, Natura Gardens includes 460 garden-style rental apartments situated across 23 acres in Miami’s West Hialeah neighborhood.
A much-needed affordable housing development for seniors has been proposed in St. Petersburg. Our sources indicate that the $37.5 million project, dubbed “Flats on 4th,” will measure four stories above grade.
