Shalimar at Boynton Beach is unfolding in Palm Beach County, FL. Sources report that city officials approved the venture in July 2022, and it’s presently in its design phase. The mixed-use venture will offer 250 apartments spread across 10 buildings measuring three to four stories above grade.
Miami-based real estate development and construction firm Cymbal DLT Companies closed on a $32 million loan from 3650 REIT that will allow it to officially prepare for the groundbreaking of its highly anticipated billion-dollar Downtown Fort Lauderdale Riverwalk district project. The first phase of the project, Riverwalk Raintree Residences, is slated to break ground on its first building in the summer of 2023. It will include two eco-friendly, mixed-use multifamily apartment towers of 28 stories and 29 stories by acclaimed architecture firm Jo Palma + Partners comprising a combined 677 residential units and 21,000 square feet of commercial space. The second phase will include an Arquitectonica-designed branded condominium tower, a branded full-service hotel, a branded yacht valet and yacht club, membership clubs, and significant food and beverage operations, which will be announced next year.
Sky St. Pete is a proposed housing development in Pinellas County, Florida. The 20-story building would comprise 232 residential units, according to St. Pete Rising. The bottom floor hosts the building’s lobby. Stories two through five will comprise parking.
The St. Regis Residences, Miami is a luxury housing development unfolding in Miami, Florida. Sources report that the multi-million-dollar venture could start construction in late 2023. Upon completion, the east tower alone will offer close to 150 residences in a high-rise building. They start at $2.9 million.
USAA Real Estate and Seefried Industrial Properties have completed site work and started to pour the slab and walls at Kings Logistics Center, one of the largest and most significant speculative industrial developments with available space in the South Florida market. The 664,176-square-foot Class A industrial park is just off Interstate 95 at Orange Avenue/SR-68 in Fort Pierce, Florida. Kings Logistics Center will be one of only a few industrial distribution centers located along I-95 between Daytona and Jacksonville. The property is scheduled to complete construction in February 2023.