Archway Partners hopes to move forward with an affordable housing project in Tampa. The venture would offer 82 one-bedroom apartments.
Hollywood, Florida, is seeing a steady rise in development activity as investors and builders extend their focus north of Miami into emerging coastal submarkets. Recently named among the “5 Florida Beach Towns to Buy Property in the Next 5 Years,” the city has recorded consistent absorption and rental performance that rivals neighboring Fort Lauderdale and West Palm Beach. Stabilized multifamily assets are maintaining vacancy rates below seven percent, reflecting sustained housing demand and an expanding residential base.
Following the acquisition of a $60 million construction loan, Alta Developers has started construction on the first phase of Princeton Commons, a multi-phase residential community in Miami-Dade County.
Kolter Multifamily, an affiliate of The Kolter Group, has broken ground on Alton Sarasota, a 256-unit garden-style apartment community located on 63rd Avenue near Prospect Road in Manatee County, approximately three miles north of University Parkway.
WD Capital Group has arranged a $15.85 million acquisition loan for the Doral Inn & Suites Miami, a 112-key hospitality property located at 1212 NW 82nd Avenue in Miami. The asset was acquired by Ratia Real Estate Development LLC, led by Ricardo Ratia, as part of a strategic expansion within Miami-Dade County’s hospitality sector.
