Plans are underway for the Shoppes at Westlake. It’s one of the first retail centers in the area, intended to serve Westlake’s growing population. Plans call for close to 20,000 square feet of new construction, spread across multiple low-rise commercial buildings.
Carpe Real Estate Partners, a vertically integrated real estate private equity and development company, founded by Erik Rutter and David Weitz in 2018, announced a rebrand to Oak Row Equities. The name change comes as the company continues to mature from its launch in 2018 with one property under management to now over three million square feet under development and one billion dollars of assets under management. In addition to the rebrand, Oak Row Equities announced that it has closed on the acquisition of a 2.1-acre site on one of the last remaining undeveloped city blocks in the urban core. The firm acquired 2600 Biscayne Boulevard in Miami’s popular Edgewater neighborhood for $35 million to develop a mixed-use project designed by architecture firm Arquitectonica. Oak Row Equities is one of Miami’s fastest-growing real estate development firms with active projects in Wynwood, North Miami Beach, Edgewater, and the Design District.
Riverside6 has one goal: to offer “truly affordable” housing for those living in Bradenton, Florida. The five-story complex will offer 80 units, comprising one-bedroom to three-bedroom apartments.
Forest Development announced that it has engaged in a joint venture partnership with Royal Palm Companies for Nautilus 220, a two-towered condominium development of 24 stories at 220 Lake Shore Drive in Lake Park, Florida. The mixed-use development is designed by R+N Architecture with Interiors by Steven G. and landscaping from Insite Studio, and comprises 330 condominium residences across both towers with restaurants, retail, and offices alongside a marina. A $269 million construction loan from Fortress Investment Group LLC has closed for Nautilus 220, with financing arranged by Concord Summit Capital.
The Keele Center is a $30 million venture that started construction in late 2020. Benchmark Construction Co., Inc. hopes to finish construction in the first quarter of 2023. Upon completion, the venture will offer 40 patient beds in a four-story building.