Florida YIMBY

$103 Million Loan Secured for Mixed-Use Development ‘The Gardens Residences’ in North Miami

8:00 am on September 25, 2024 By Oscar Nunez

Berkadia has arranged a $103 million construction take-out loan for The Gardens Residences, a mixed-use multifamily project in North Miami being completed in two phases. The financing was secured by Berkadia’s Senior Managing Director Charles J. Foschini, Managing Director Christopher Apone, Vice President-Originations Lourdes Carranza-Alvarez, and Associate Director Shannon Wilson on behalf of the sponsor, Omega Real Estate Management, a vertically integrated real estate management company focused on redeveloping downtown North Miami.

Developer Proposes 122-Room Hotel for 11565 Village Crossing Drive, Jacksonville, FL

7:00 am on September 25, 2024 By Colt Dodd

Tennessee-based 3H Group is moving forward with a hospitality venture in Jacksonville. The project is called Hyatt Studios, and it would measure four stories above grade and offer 122 rooms.

Developer Moves Forward with Plans for 7,500-Unit Mixed-Use Development and New Tri-Rail Station in Miami’s Little River District

8:00 am on September 23, 2024 By Oscar Nunez

Swerdlow Group, led by veteran developer Michael Swerdlow, is moving forward with plans to transform the Little River District in Miami’s Little Haiti neighborhood. The proposed development, spanning approximately 63 acres, will include 7,500 residential units, combining affordable, workforce, and market-rate housing. Swerdlow’s vision for the area builds on his experience in creating higher-end affordable housing, similar to his recently completed Sawyer’s Walk project in Overtown.

Mill Creek Residential Proposes ‘Modera Boca’ for 400 South Dixie Highway, Boca Raton, Florida

7:00 am on September 23, 2024 By Colt Dodd

Boca Raton-based Mill Creek Residential could replace a mixed-use building with a 12-story residential venture in Palm Beach County. Modera Boca would comprise close to 330,000 square feet of leasable space.

$77.8 Million Loan Secured for Short-Term Rental Condominium Project in Miami’s River District

8:00 am on September 22, 2024 By Oscar Nunez

Forman Capital, a private direct real estate lender, has provided a $77.8 million loan to finance the construction of River District 14, a short-term rental condominium project in Miami. Developed by Alta Development, the project will be situated on a 1.3-acre site at 1420 NW 14th Ave., near the Miami River. Construction is set to commence before the end of the year.

Developers Propose 42-Unit ‘River Square’ for 2655 N.E. 205th Street” Miami, FL

7:00 am on September 22, 2024 By Colt Dodd

Two Sunny Isles Beach-based developers have proposed a mid-rise housing complex in Miami-Dade County.

Solina Bay Harbor Breaks Ground at 1055 93rd Street in Bay Harbor Islands

8:00 am on September 21, 2024 By Oscar Nunez

Solina Bay Harbor, a boutique condominium development by RedHoek+, has officially commenced construction after surpassing the 50% sales milestone within six months. Located at 1055 93rd Street in the heart of Bay Harbor Islands, this exclusive project is set to redefine the standard of luxury living in the area. In partnership with The INSIDE Network, sales and marketing efforts are spearheaded by Powered by DMT.

Nurock Cos. Proposes ‘the Residences at Foxcroft Cove’ for 3300 Foxcroft Road, Miramar, FL

7:00 am on September 21, 2024 By Colt Dodd

Miramar’s City Commission considered plans for “the Residences at Foxcroft Cove” on September 18th. Georgia-based Nurock Cos., which has the build site under contract from IT Webcam LLC, has plans for a mid-rise housing development.

Boca Raton Approves Glass House at 280 E Palmetto Park Road in the City’s Downtown Area

8:00 am on September 20, 2024 By Oscar Nunez

The City of Boca Raton has approved Glass House Boca Raton, a luxury residential development and the first modern glass building to be constructed in the city’s downtown area. Situated at 280 E Palmetto Park Road, the 9-story development will feature rooftop amenities on the 10th level and is expected to reach completion by the fourth quarter of 2026.

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