Shelton, a Turkey-based developer with completed projects in Bodrum and Ankara, is planning its first U.S. venture in North Miami. The project, called Shelton Miami, is proposed for 1998 NE 135th Street along Little Arch Creek and will rise 11 stories with 18 residential units. Designed by Kobi Karp Architects, the building will stand 121 feet tall and introduce large-format residences to the area.

Miami-based Related Group has secured funding for Residences at Marina Village, an affordable housing development in Riviera Beach. The $92.6 million in financing came from three entities: Manufacturers and Trusters Trust Co., the Florida Housing Finance Corp, and Bank of New York Mellon Corp.

Grupo T&C has received approval from the City of Miami’s Urban Development Review Board for Edge House Miami, a 57-story luxury home-sharing tower planned for 1825 NE 4th Avenue in the Edgewater neighborhood. Designed by Kobi Karp Architecture & Interior Design, the development will rise 649 feet and deliver 608 turnkey units ranging from studios to three-bedroom layouts.

Florida YIMBY has an update regarding a hotel we covered in 2023. Miami-based Baywood Hotels has started construction on the Element by Westin hotel, a six-story project requiring close to 80,000 square feet of new construction.

El-Ad National Properties, a South Florida-based subsidiary of Elad Group, has secured an $85 million construction loan from Valley National Bank to advance vertical development of The District in Davie. The $1 billion, 2.8-million-square-foot mixed-use project is the largest multifamily development in the town’s history.