Construction is progressing on Siesta Lakes, a 412-unit luxury rental community by Shoreham Capital in Cape Coral, with the project on track for completion in the coming months. The development features a mix of one-, two-, and three-bedroom residences, designed with modern finishes and an emphasis on convenience.

Chicago-based Regency Development Group intends to start construction on a luxury townhome development by the end of this year.

Fifield Cos. has opened Avida Aventura, a 266-unit luxury apartment community located at 19401 W. Dixie Highway in Aventura. The project sits steps away from the new Brightline station, with direct access to the Aventura Mall, the fifth-largest mall in the U.S. and one of Miami’s premier dining, retail, and entertainment hubs.

An aging apartment building for seniors in St. Petersburg is slated for a major overhaul that will improve its common spaces, infrastructure, and windows.

South Florida-based Cymbal DLT Companies has secured $114 million in permanent financing for Laguna Gardens, a 341-unit multifamily community in Miami Gardens. The senior and mezzanine loans, provided by Apollo Global Management and RXR Realty Investments, paid off the development’s $102.5 million construction loan issued in 2022 by Related Fund Management, an affiliate of Related Companies.