Quail Roost Transit Village is unfolding in Cutler Bay, Florida. Upon completion, the multi-million-dollar venture will eventually offer 500 homes––140 of will be affordable housing units, per Cash Flow in Miami Realty. The publication reports that Quail Roost Transit Village is a five-phase project.
OKO Group and Cain International have secured $97.2 million in construction financing for their next joint venture development: One River, a new 34-story luxury multifamily tower located addressed as 629 Southeast 5th Avenue in Fort Lauderdale, Florida. Financing is broken down into two loans, a senior construction loan provided by Bank OZK, and a mezzanine construction loan provided by JVP Management, which will fund the construction of the tower. One River will encompass 251 high-end apartments and 2,600 square feet of ground level retail space. Vertical construction is scheduled to begin this summer, with delivery expected September 2024.
Aventura Park is unfolding in Miami-Dade County, Florida. The eight-story building will comprise more than 236,000 square feet of new construction, offering 290 apartments. The South Florida Business Journal reports that the development will also have 1,450 square feet of retail space and 435 parking spots.
Berkadia announces it has arranged $100 million in construction financing, provided by Churchill Real Estate, for Omega Real Estate Management to develop The Gardens Residences, a 9-story, 358-unit mid-rise apartment community designed by Behar Font & Partners with 1,100 square feet of ground floor retail in North Miami, Florida. Located on a 4-acre site at 1155 Northeast 126th Street, just off the Biscayne Boulevard corridor at the gateway to Bay Harbor Islands and Bal Harbour, The Gardens Residences is the first phase of Omega’s plan to transform seven contiguous acres in North Miami into a live-work-play community called “The Gardens District.” Ground breaking is scheduled for July 11, 2022, and is expected to create 828 jobs.
Apopka Business Center is taking shape in Central Florida. The 710,073-square-foot venture will comprise three buildings, resting on a 79-acre site. GrowthSpotter reports that the smallest building will measure 120,192 square feet. The two other buildings will measure 443,106 square feet and 146,775 square feet.
