Seagate Development Group LLC will start construction on Palisades this fall. The multi-million-dollar venture (located in Naples, FL) will offer 25 luxury homes in a 12-acre community. Per Naples Daily News, residents can choose from six customized floor plans. Palisades will be a large version of Windward Isle, a similar-sized development that the owner is also working on.
Denver-based real estate developer AIMCO has acquired a 5.7-acre piece of property at 901 North Federal Highway in Flagler Village, Fort Lauderdale, the former Searstown site which once thrived as a retail anchor for the neighborhood, lasting 66 years in business. The previous owner, RK Associates, an affiliate of Sunny Isles Beach-based RK Centers led by Miami Heat co-owner Raanan Katz, sold the site for $64 million. The 155,760-square-foot retail space on-site is slated for demolition and redevelopment.
Lennar Homes hopes to move forward with a new housing development in Homestead, Florida. Meet Altimira. The multi-million-dollar community will offer more than 1,000 homes, including villas, single-family homes, and townhouses.
Trez Capital, a private real estate lender helping to build better communities across North America, funded a $19,050,000 construction loan for The Residences at Town Center, a 5-story boutique luxury condominium project that will rise on the Intracoastal Waterway at 400 150th Avenue in Madeira Beach. The project is the second phase of a broader plan envisioned by the developer. In 2021, Trez Capital closed a $15.61 million construction loan for the first phase, a 38-unit residential project, The Harbor at Town Center, which is 100% sold out and scheduled for delivery to buyers later this summer.
The Enclave at Lakeridge is currently undergoing construction in Fort Lauderdale, Florida. The building offers four luxury homes in a three-story building. Plans call for more than 7,000 square feet of new construction, and the venture rests on a .34-acre lot.
