About two acres of riverfront land in Broward County could be developed into an affordable housing development. Oaklyn Crossing (not to be confused with “Oaklyn”) would measure 62 feet high, offering 101 residences.
National development firm Property Markets Group (PMG), in collaboration with Canadian-based private equity firm Greybrook Realty Partners (Greybrook), has secured $178 million in refinancing for Society Wynwood, a 10-story mixed-use building designed by MKDA at 176 Northwest 25th Street in Miami’s Wynwood Arts District. Eastdil Secured arranged the financing, provided by funds managed by Ares Management and Monarch Alternative Capital. Randy Barcelo from Stearns Weaver Miller represented PMG. Since welcoming its first residents in March, Society Wynwood has experienced rapid leasing velocity.
Ability Housing is inching closer to construction on Village at Lake Forest, a venture Florida YIMBY reported on nearly three years ago. The development would involve transforming the now-shuttered Lake Forest School of the Visual and Performing Arts into a 120-unit complex.
The Federal Aviation Administration (FAA) has approved the height for Edge House Miami, a new 57-story condominium tower planned at 1825 Northeast 4th Avenue in Miami’s Edgewater neighborhood. According to an FAA determination letter issued on August 19, the tower can rise 637 feet above ground or 641 feet above sea level. Designed by Kobi Karp Architecture & Interior Design with interiors by Adriana Hoyos Design Studio and developed by Grupo T&C, a prominent developer from Peru, the 734,644-square-foot development will offer around 600 fully finished and furnished residences ranging in size from 375 to 1,242 square feet and include studio, one-bedroom, one-bedroom plus den, and two-bedroom layouts. Features of the units include nine-foot-high ceilings, floor-to-ceiling windows, and, in select residences, private outdoor terraces.
Last week, construction started on The Whitt, a multi-family housing development in Riverview, FL. Featuring 211 one-bedroom to three-bedroom residences, the venture will offer apartments divided between three four-story, woodframed buildings.
