Construction is ongoing on Edenbrooke at Hyland Trail, a community aimed at active seniors in Green Cove Springs, FL. Upon completion, the master-planned housing complex will yield an array of one-story homes, with floorplans ranging from two-bedroom to four-bedroom layouts.
A demolition permit has been issued for the 1401 Brickell property in Miami, signaling the beginning of redevelopment for the site. Although plans for a new tower are in place, a new construction permit has yet to be filed. The issued permit outlines the total demolition of 236,877 square feet at an estimated cost of $5,890,000. The BG Group is listed as the contractor responsible for the demolition. The application for the permit was initially submitted in June 2023, and it was approved and issued on July 3, 2023.
Indiana-based Thompson Thrift has plans to break ground on a Class A multi-family housing development in St. Augustine, FL. Terrassa, named for the Spanish city, will offer 324 luxury residences, with floorplans spanning one-bedroom to three-bedroom models.
Miami-based real estate development firm CMC Group has obtained a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce/The Collection, a nine-story Class-A mixed-use office and retail development in Coral Gables. Developed by CMC Group Founder Ugo Colombo in 2002, the Mediterranean-style building is also home to The Collection, a luxury car dealership featuring brands such as Ferrari, Aston Martin, and Porsche. The property is located at the intersection of Ponce de Leon Boulevard and Bird Road and includes 150,000 square feet of Class A office space and 32,000 square feet of ground-floor retail. It is over 90% leased to tenants, including Steinway & Sons, Coldwell Banker, and Hemisphere Media Group.
An Orlando developer has revised plans for a townhome community in the city’s Hourglass District. Originally proposed in February 2024, plans initially called for 44 three-story townhomes measuring 45 feet tall.
