Florida YIMBY

Citadel Revealed As Buyer Of 2.5-Acre Development Site At 1201 Brickell Bay Drive In Miami

8:00 am on July 6, 2022 By Oscar Nunez

The buyer behind the last remaining prime water front development site in Brickell, 1201 Brickell Bay Drive, has been revealed to be Citadel, a multinational hedge fund and asset management company led by CEO Ken Griffin. The 2.5-acre site sold for a record-breaking $363 million back in April 2022, but the buyer’s identity was hidden behind a Chicago-based limited liability company. Miami-Dade County property records now show the site was sold by TWJ 1201 LLC, an entity linked to Tibor Hollo’s Florida East Coast Realty (FECR), to 1201 Brickell Bay LLC. Hollo paid $15,500,000 for the site nearly 22 years ago, yielding an approximate 2300% profit.

The Julia To Offer 15 Luxury Units in St. Petersburg, Florida, in Pinellas County

7:00 am on July 6, 2022 By Colt Dodd

The Julia is now leasing units in St. Petersburg, Florida. The multi-million-dollar venture measures 19 stories above grade and offers lofts, full-estate units, and penthouses. Some units comprise 8,000 square feet of new construction; 6,000 square feet of interior space, and 2,000 square feet of outdoor terraces.

FAA Permits Filed For 44-Story LOFTY Brickell Tower At 99 SW 7th Street In Miami, $170 Million Construction Loan Secured

8:00 am on July 5, 2022 By Oscar Nunez

FAA building permits have been filed for LOFTY Brickell, a 44-story residential building planned for 99 Southwest 7th Street along the Miami River in Brickell, Miami. Designed by Arquitectonica with landscape architecture by Urban Robot Associates and interiors by INC for real estate developer Newgard Development Group (Newgard), the 574-foot-tall tower will ultimately contain 364 fully-finished residences in a variety of studio, one- and two-bedroom units, as well as 40,000 square feet of thoughtfully curated amenities. Newgard has also secured a loan valued at $170 million from 3650 REIT to begin construction at the site.

Legacy Hills’ Offers 48 Homes in Apopka, Florida

7:00 am on July 5, 2022 By Colt Dodd

KB Home has a new housing development unfolding in Apopka, Florida. Legacy Hills is a 48-lot community that features homes starting in the mid-$400,000s. GrowthSpotter reports that there are seven floorplans to choose from, measuring from 1,800 square feet to 3,203 square feet each. Homes range from four-bedroom to six-bedroom units.

HTG Completes Father Marquess-Barry Apartments, An Affordable Housing Community In Overtown, Miami

8:00 am on July 4, 2022 By Oscar Nunez

Housing Trust Group (HTG), an award-winning multifamily developer and one of the nation’s largest developers of affordable housing, recently held an official grand-opening for the completion of Father Marquess-Barry Apartments, a $18.5 million affordable housing community for seniors located at 301 Northwest 17th Street in the historic Overtown neighborhood of Miami. Designed by Modis Architects with interiors by B Pila Design Studio and landscaping from JBC Planning and Design, Father Marquess-Barry Apartments contains 60 one- and two-bedroom residential units with rents ranging from $372 to $1,200 per month for income-qualifying seniors ages 62 and up who earn 40 percent and 60 percent of area median income. The property leased up rapidly and is 100 percent occupied.

Calder Casino Industrial Park Could Start Construction at 21001 Northwest 27th Avenue, Miami Gardens, Florida

7:00 am on July 4, 2022 By Colt Dodd

Calder Casino is one of the most popular attractions in Miami Gardens, Florida. Now, developers hope to start construction on a $700 million mixed-use venture. Calder Casino Industrial Park will require more than 2.3 million square feet of new construction.

Innovation Tower’s Exterior Nears Completion At 225 E. Rollins Street In North Orange, Orlando

8:00 am on July 3, 2022 By Oscar Nunez

Exterior work is nearing the finish line on Innovation Tower, a 12-story state-of-the-art medical office building at 225 East Rollins Street in North Orange, Orlando. Designed by HuntonBrady Architects and developed by Peachtree Corners, Georgia-based Meadows & Ohly, the 149-foot-tall structure will yield 326,000 square feet of space housing a mix of medical offices, research and testing centers, healthcare centers and hospital uses. The project is part of AdventHealth’s 172-acre Health Village community just minutes north of Downtown Orlando that comprises apartments, a hotel, additional hospital beds, medical office spaces, general office space and retail shops. Batson-Cook Construction is the general contractor.

Ovation at Lake Hunter Planned for 108 Lake Hunter Drive, Lakeland, Florida, 33803

7:00 am on July 3, 2022 By Colt Dodd

Right now, the City of Lakeland is reviewing plans for Ovation at Lake Hunter, a $9.1 million multi-family complex in Lakeland, Florida. The residential venture will comprise two three-story buildings, featuring just 24 units. Conceptual renderings suggest open-air courtyards, walking trails, surface parking, and a manmade lake with a fountain.

Shoppes at Westlake To Start Construction at 4901 Seminole Platt Whitney Road, Loxahatchee, Florida

7:00 am on July 3, 2022 By Colt Dodd

Plans are underway for the Shoppes at Westlake. It’s one of the first retail centers in the area, intended to serve Westlake’s growing population. Plans call for close to 20,000 square feet of new construction, spread across multiple low-rise commercial buildings.

Oak Row Equities (Formerly Carpe Real Estate Partners) Acquires 2.1-Acre Edgewater Assemblage For Mixed-Use Development

8:00 am on July 2, 2022 By Oscar Nunez

Carpe Real Estate Partners, a vertically integrated real estate private equity and development company, founded by Erik Rutter and David Weitz in 2018, announced a rebrand to Oak Row Equities. The name change comes as the company continues to mature from its launch in 2018 with one property under management to now over three million square feet under development and one billion dollars of assets under management. In addition to the rebrand, Oak Row Equities announced that it has closed on the acquisition of a 2.1-acre site on one of the last remaining undeveloped city blocks in the urban core. The firm acquired 2600 Biscayne Boulevard in Miami’s popular Edgewater neighborhood for $35 million to develop a mixed-use project designed by architecture firm Arquitectonica. Oak Row Equities is one of Miami’s fastest-growing real estate development firms with active projects in Wynwood, North Miami Beach, Edgewater, and the Design District.

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