Florida YIMBY

Park Partners Residential And Independencia Asset Management Acquire 280-Unit The Commons And Plan $58.5 Million Renovation

8:00 am on March 26, 2022 By Oscar Nunez

Park Partners Residential, owner and operator of value-add and luxury multifamily apartment communities, and Independencia Asset Management have completed the $77,750,000 acquisition of The Commons, a multifamily residential community addressed as 8050 Gables Commons Drive in Orlando. The 19.28-acre property is located south of Little Lake Bryan Parkway and is east of Vineland Avenue and Interstate-4, just minutes away from Orlando Vineland Premium Outlets. Los Angeles-based Ares Management provided the funds for the purchase, which was brokered by Jubeen Vaghefi, Denny St. Romain and Charles Crapse of Cushman Wakefield. The newly formed joint venture between Park Partners Residential and Independencia Asset Management received a $58.5 million construction loan from American Real Estate Capital to fund an extensive renovation of the property’s 280 units, clubhouse and amenity spaces.

Oakley Square Apartments Undergoes Construction at 7960 Merchants Way, Jacksonville, FL, 32222

7:00 am on March 26, 2022 By Colt Dodd

Oakley Square LLC began construction on Oakley Square Apartments in the first quarter of 2022. The $22 million project will offer 312 residential units comprising more than 77,000 square feet of new construction. The Jacksonville Business Journal noted that the project needed 16 permits to be approved.

New Renderings Released For LOFTY Brickell At 99 Southwest 7th Street In Brickell, Miami

8:00 am on March 25, 2022 By Oscar Nunez

New renderings have been revealed for LOFTY Brickell, a 42-story residential skyscraper scheduled to break ground later this year at 99 Southwest 7th Street along the Miami River in Brickell, Miami. Located across from Brickell City Centre, at the junction of South Miami Avenue and Southwest 7th Street, the 1.62-acre site will give rise to an estimated 481-foot-tall building designed by Arquitectonica with landscape architecture by Urban Robot Associates, yielding 364 fully-finished and furnished residences with curated interiors by INC and 40,000 square feet of amenities. Newgard Development Group is the developer, who has on-boarded Cervera Real Estate as the exclusive sales and marketing firm. Units will come in studio, one- and two-bedroom floor plans as well as penthouses, priced from $493,000 to $1.3 million, and will offer owners flexible home-sharing options.

The Row Offers 48 Units to College Students at 1130 SW 5th Avenue, Gainesville, Florida

7:00 am on March 25, 2022 By Colt Dodd

The Row, a student housing community in Gainesville, Florida, is now leasing for fall 2022. The $16 million venture broke ground in early 2021, with Kast Construction Company LLC operating as the general contractor. The mixed-use venture requires about 140,000 square feet of new construction.

Sirene Villas Breaks Ground At 1236 George Bush Boulevard In Delray Beach

8:00 am on March 24, 2022 By Oscar Nunez

Philadelphia-based developer Stamm Development has broken ground on Serene Villas, a new residential community of six ultra-luxury townhouses in the early stages of construction at 1236 George Bush Boulevard in Delray Beach. The design for the project was envisioned by Randal Stofft of Delray Beach-based Stofft Cooney Architects, paired with interiors by award-winning design studio Asthetique. The interior lot spans nearly 0.62 acres, or precisely 26,907 square feet, and is mainly bound by George Bush Boulevard on the north with the other ends of the city block being North Ocean Boulevard on the East, Southways on the South, and Andrews Avenue on the West.

Oasis Pointe Nearing Completion at 150 South Bryan Road, Dania Beach, Florida, 33004

7:00 am on March 24, 2022 By Colt Dodd

In March 2021, Cymbal Development broke ground on Oasis Pointe, a residential venture comprising more than 300 units. The building will measure eight stories above grade and feature more than 56,000 square feet of new construction.

FAA Approves Heights For St. Regis Residences In Sunny Isles Beach

8:00 am on March 23, 2022 By Oscar Nunez

The Federal Aviation Administration has issued building permits to developers Fortune International Group and Château Group for St. Regis Residences in Sunny Isles Beach, a pair of 62-story ultra-luxury residential towers planned for 18801 Collins Avenue. Designed by Arquitectonica with interiors by São Paulo-based Anastassiadis and landscaping by EDSA, the towers would yield a combined estimate of 374 residential units and approximately 70,000 square feet of amenities, and would rise along the coveted strip of luxury high rises on Collins Avenue in between the Intracoastal Waterway and Atlantic Ocean.

Florida East Coast Realty To Renovate Their Office Towers At 1101 Brickell Avenue To Meet Growing Demand

7:30 am on March 23, 2022 By Oscar Nunez

Florida East Coast Realty (FECR) is planning to invest $12 million in renovations to its office towers at 1101 Brickell Avenue in Miami’s Financial District, including a new grand lobby, flagship restaurant, extensive fiber optic connectivity, and 24-hour security. Located immediately West of Miami’s currently tallest skyscraper – the 85-story Panorama Tower also owned and built by FECR – the office towers are bound by Brickell Avenue on the West, Southeast 11th Street on the South and Southeast 10th Street on the northern end of the city block.

Sawgrass at Coral Lakes Slated for Del Prado Boulevard, Cape Coral, Florida, 33909

7:00 am on March 23, 2022 By Colt Dodd

Sawgrass at Coral Lakes is unfolding in Cape Coral, Florida. The multi-million-dollar venture began construction with Centex Homes/PulteGroup serving as the owner and general contractor. The community will feature over 220 residences, featuring three-bedroom units with 2.5 baths.

Miami Worldcenter Reaches Milestone With The Completion Of Block H

8:00 am on March 22, 2022 By Oscar Nunez

The 27-acre Miami Worldcenter mega project, has reached a new milestone in construction with the completion of Block H, adding to the residential, retail and parking components on the $4 billion mixed-use development reinvigorating the Park West neighborhood of Downtown Miami. Block H is comprised of 50,000 square feet of prime street-level and rooftop retail space, and a 922-space public parking garage fronting Northeast 7th Street, between Northeast 1st and 2nd Avenues. A portion of the structure’s rooftop is also home to a resort-style amenity deck serving Bezel Miami, a recently completed 43-story luxury rental tower developed next door by the Moinian Group in collaboration with ZOM Living. Miami Worldcenter was envisioned and master planned by Miami Worldcenter Associates, a joint venture led by Principal Art Falcone and Managing Partner Nitin Motwani in partnership with CIM Group.

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