Construction permits are in the works for a mid-rise mixed-used development in Miami’s evolving Wynwood neighborhood.

Alchemy Properties, in partnership with Breakers Capital and Galapagos Global Capital Management LLC, has announced plans for a 12-story mixed-use development at 18 Northwest 23rd Street in Miami’s Wynwood District. The project, first acquired in 2022 for $18 million, will mark Alchemy’s entrance into the Miami condominium market.

The former site of the Louis Palms Mobile Home Park in Largo is slated for a community with some affordable housing. The Park Vista Apartments would feature 74 units in four stories.

Terra and Sympatico Real Estate have closed on a $285 million construction loan for Mr. C Hotel & Residences West Palm Beach and announced that the project has officially broken ground. Financing was provided by TYKO Capital, marking a major milestone as construction begins with the development already 70 percent sold. Aztec Group represented the borrowers in the transaction.

Lake Nona in Orlando will become the new home of Siemens Energy’s Orlando offices, as the global energy technology company announced plans to relocate to Lake Nona Town Center. The move will place Siemens Energy in more than 242,000 square feet of office space at 6876 Marwick Lane, a newly completed Class A building designed for high-performance energy efficiency and modern workplace flexibility. The new location situates the company within Lake Nona’s walkable urban core, surrounded by restaurants, hotels, residences, fitness and wellness amenities, and public art.