Cypress Grove Apartments will offer 84 units. Forty-five units will be reserved for those earning up to 60 percent of the area median income (AMI), while the remaining 39 will be for those earning up to 80 percent.
BHI, the U.S. division of Bank Hapoalim and a full-service commercial bank, announced the provision of $35 million in predevelopment financing to Naftali Group for JEM Private Residences, a 67-story mixed-use tower planned for 1016 Northeast 2nd Avenue in Miami, Florida. The over 700-foot-tall development will include 259 condominium units, 530 multifamily rental units, 3,259 square feet of ground-floor retail space, and 283,863 square feet dedicated to parking.
Lumaire, a 23-story residential venture in Downtown West Palm Beach, has finished construction and is now leasing. Multi-Housing News reports that the community features 457 “light-filled residences”, with floorplans ranging from studio to three-bedroom apartments.
A new rendering has been revealed for The Residences at Mandarin Oriental, Miami, a 66-story residential tower at 500 Brickell Key in Miami. Designed by Kohn Pedersen Fox and developed by Swire Properties, the rendering offers a hero perspective looking upwards towards the apex of the building, showcasing the architectural and structural details in greater clarity. The design emphasizes the tower’s curved corners and subtle convex profile, contributing to its sleek and modern aesthetic.
In June 2022, Florida YIMBY reported on the Gateway Luxury Apartments, a residential housing development in Pompano Beach. Now, the developer has secured the $18 million construction loan needed to push the project to completion.
