NJR Investment and Development Company has changed its plans for Claridge Lane Townhomes, which is now known as “Aerie on 3rd.” Previously, Claridge Lane Townhomes was to offer 15 three-bedroom townhomes, starting in the low $1,000,000s.
North Bay Village, nestled between Miami and Miami Beach, is undergoing a significant transformation, evolving from a tranquil island community into a bustling hub of residential and commercial growth. This shift is underscored by the development of over 3,000 new residential units and 1 million square feet of commercial and retail space. Adding to the area’s appeal is the announcement of a new soccer academy and AFA training facility led by Lionel Messi, promising to elevate North Bay Village’s profile.
The Gulfstream Hotel’s renovation and expansion are just one step closer to reality, with construction having already started on the first phase. Our sources indicate that the historic hotel, erected in 1925, was mostly “gutted” for the past few years.
Related Group and GTIS Partners have secured a $328 million construction loan for the Baccarat Residences Miami, a 75-story luxury condominium tower at the gateway of Brickell Avenue. The financing, arranged by Berkadia South Florida, supports the development of the 848-foot-tall skyscraper, which is currently under construction at 99 Southeast 5th Street and is expected to be completed in early 2028. Over 95 percent of the residences have been sold since the launch in late 2021. John Moriarty & Associates is the general contractor.
Dunedin’s city commission is scheduled to hear a proposal for a mixed-use project on April 4th and May 2nd. The project already received approval from the city’s Local Planning Agency.
