Two developers have plans for a student housing development in Central Florida. Meet Aperture, two five-story residence halls offering 680 beds. The beds will be spread across 204 units, offering studio to four-bedroom floorplans.
Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, has announced the closure of a $95 million construction loan in partnership with Wexcor Capital, a New York City-based real estate investment, management, and advising firm. The loan was financed by Kriss Capital, a New York City-based direct lender specializing in construction and bridge loans for residential assets, and it will facilitate the completion of Alba Palm Beach.
The Arbor Residences is under new management. The five-story venture originally broke ground in 2017, offering 52 units. However, due to delays and financial difficulties, the project came to a halt.
Leading real estate developer Related Group (Related) and partner Alta Developers have broken ground for Casa Bella Residences by B&B Italia (Casa Bella), a 56-story condominium tower at 1400 Biscayne Boulevard in Downtown Miami’s Arts and Cultural District. Casa Bella marks the first residential partnership for B&B Italia, renowned for collaborations with brands like Rolex, Hermès, and Rolls-Royce.
Some big-name developers have big plans for the HUB Miami, a mixed-use development located in Miami-Dade County. The 41-story tower will offer residences, office space, and retail ventures. Construction’s anticipated to start in the first quarter of 2024, with completion expected to happen more than two years later.