Sources report that construction on Gateway Luxury Apartments is slated to start in Fall 2022. The residential venture (located in Pompano Beach, FL) will comprise 128 units, requiring almost 140,000 square feet of new construction total. The homes will be spread across four three-story buildings.
Miami-based development and construction company, Cymbal DLT Companies, closed on a $102.5 million loan from Related Fund Management for the development of a 341-unit, market-rate multifamily housing project at 20775 NW 17th Avenue in Miami Gardens, Florida. The project comprises 11 Class-A apartment buildings designed PALMA centered around a sculpture-filled lake to maximize views and encourage outdoor activities.
Lynn Townhomes is slated for construction in Delray Beach, Florida. According to the Sun-Sentinel, plans call for three two-story luxury homes, measuring 2,200 square feet to 2,740 square feet each. Each home comes with a swimming pool and parking garage.
New York and Miami real estate developer JDS Development Group (JDS) announced that it has secured an $86,000,000 acquisition and construction loan from New York-based Maxim Capital Group for 1 Southside Park, a two-towered 64-story block-sized mixed-use development underway in Brickell, Miami. This transformative project is designed by a world-class design team from SHoP Architects with ODP Architecture & Design as the architect of record, residential interiors by Krista Ninivaggi of Woods Baggot, hotel interior design by Rockwell Group and landscaping by James Corner Field Operations. 1 Southside Park will comprise 1,175 residential rental units, 190,000 square feet of premier office space, a 200-key Treehouse Hotel, 10,000 square feet of retail space, and 1,400 parking spaces.
Rosewood Residences at Lido Key is unfolding in Sarasota, Florida. The $26.4 million venture, while still in its infancy, will comprise an eight-story building with 65 luxury units.
