Roger B. Kennedy Construction has broken ground on the Sarah at Crescent Park, a multi-family community in Orlando, Florida. The complex will comprise 252 units, offering one-bedroom to three-bedroom floorplans spread across five four-story buildings.
In partnership with Lion Development Group, Miami-based Terra has acquired a prominent 1.6-acre property at 3501 Northeast 1st Avenue in Miami for $40 million. The site’s strategic location will transform into an iconic luxury condominium tower at the intersection of highly sought-after neighborhoods, including the Design District, Midtown, Wynwood, and Miami Beach. The esteemed architectural firms Arquitectonica and Yabu Pushelberg have been entrusted with the design of this forthcoming landmark. Metropolitan Commercial Bank has provided $30 million in financing to facilitate the property acquisition and fund initial site development, paving the way for groundbreaking in 2024. The completion of this project is estimated for 2026.
Our sources indicate that an Atlanta-based developer has purchased close to 50 acres of land in Wesley Chapel, Florida. The build site will be home to GroveParc Townhomes, which already has the infrastructure complete.
Coastal Construction Group has achieved a significant milestone at Block 55 in downtown Miami’s Sawyer’s Walk development. This 18-story mixed-use project, designed by Arquitectonica and dedicated to affordable housing for low-income seniors, has reached its top floor. On Thursday, June 15, the traditional topping-off ceremony was commemorated at the 249 Northwest 6th Street project site. The celebration included a range of festivities, including a raffle, prizes, music, and a luncheon for the entire project team.
After being in the works for nearly four years, construction has officially started on Parkway Crossing, a multifamily community in Kissimmee, Florida. The 300-plus-unit complex will offer homes on a six-acre build site, featuring a mix of one, two, and three-bedroom apartments.