The Hines Historic Gas Plant Partnership hopes to flip a 0.58-acre parcel into a residential housing complex. If approved, the project would offer at least 80 affordable housing units and 2,500 square feet of retail and surface parking.
Two more national retail and restaurant concepts will be coming to Miami Worldcenter – the $6 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership group has completed leases with The Container Store and Sweet Paris Crêperie & Café, both slated to open by the end of 2024.
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.
