Biscayne Shores Development Group LLC, an affiliate of New York-based Ben-Josef Group Holdings, has plans for a residential project in Miami’s Biscayne Shores neighborhood. The unnamed complex would occupy a vacant 4.10-acre site that the developer purchased for $3.2 million in 2004.
Officials recently broke ground on the highly anticipated Sprowls Horizon Sports Park, a 39-acre sports complex in Pinellas County.
The Federal Aviation Administration (FAA) has received permit applications for a new 33-story skyscraper that will add a JW Marriott-branded tower to downtown Orlando’s skyline. Designed by DLR Group and developed by Summa Development Group, the mixed-use tower is planned to rise 328 feet above ground, or 423 feet above mean sea level, factoring in the site’s elevation of 95 feet. Construction on the tower is anticipated to begin later this year or early next year at 319 East Church Street, in the heart of Orlando’s downtown district. The permits were filed on June 28 and are currently under review.
A new apartment building has been proposed directly across the street from the iconic Seminole Hard Rock Hotel & Casino Hollywood, utilizing Florida’s Live Local Act to bring more residential units to the area. The proposed development, named Guitar View, is slated for a 38,545-square-foot lot at 5200 S. State Road 7, currently occupied by a used car business called Car Factory Outlet. The project, designed by Luis La Rosa of LLR Architects based in Pembroke Pines, is spearheaded by Guitar View LLC, managed by Nicolas Mendizabal and Eloy Garcia, both based in Miami.
Forman Capital has provided a $55.22 million bridge loan to facilitate the conversion of 214 Class A rental units into for-sale condominium residences in Pompano Beach, one of South Florida’s rapidly developing cities. The Envy project comprises two 11-story buildings located at 450 E. Atlantic Blvd. between Dixie Highway and U.S. 1, and is part of the larger Koi master-planned community, which includes trails, parks, and a private 26-slip marina. The loan originated from Forman Capital’s Ben Jacobson, Scott Mehlman, and Ty Regnier on behalf of the borrower, Envy Development DE, LLC. The financing was brokered by Jay Miller, Spencer Miller, and Noah Rothman of BayBridge Real Estate Capital, with the transaction closing on August 29, 2024.
