Florida YIMBY has an update regarding Ocean Terrace, a multi-family housing development we covered in 2021. Construction is set to start on the 20-story tower in Miami Beach next year.
Miami-based Related Group has plans for an apartment complex in Fort Lauderdale.
National real estate development and investment firm Naftali Group is pleased to announce it has secured a combined $465 million in construction loan financing for the development of JEM Private Residences in Downtown Miami. Nuveen Green Capital (NGC), a leader in sustainable commercial real estate financing solutions and an affiliate of Nuveen, provided $235 million in C-PACE financing, while Bank Hapoalim (BHI) supplied an additional $230 million in traditional construction loans.
Monument Capital Management, an A Rod Corp company, has completed the acquisition of Grove Park Apartments, a 324 unit Class A multifamily community in Tallahassee, Florida. Monument Real Estate Services, an affiliate of Monument Capital Management, will oversee management of the property.
Three developers have started construction on a four-story housing development for seniors in Central Florida.
