Florida YIMBY has an update regarding a multi-family housing development we covered nearly 12 months ago. Our April 2024 report shed light on Gardens Vista, a 221-unit, four-story apartment complex in Palm Beach Gardens.

National real estate developer PMG and St. Petersburg-based co-developer Feldman Equities, LLC, in partnership with City Office REIT, Inc. and global hospitality leader Hilton, have formally announced the launch of Waldorf Astoria Residences St. Petersburg. The 50-story luxury tower will rise along the downtown waterfront, delivering 163 branded residences and establishing itself as the tallest building in St. Petersburg.

Leasing activity at i5 Wynwood continues to advance, with the co-living development now reportedly 90% leased less than a year after its market debut. Located at 51 NW 28th Street in the Wynwood Arts District, the nine-story project represents Miami’s first purpose-built co-living community and was developed by Related Group in partnership with W5 Group.

Property Markets Group (PMG) and LNDMRK Development have announced plans for a unique housing development in Miami. Twenty Sixth & 2nd Wynwood Residences will measure eight stories, offering fully-furnished 233 residences and offices that owners could rent out through Airbnb.

Miami-based MG Developer has announced the securing of $105 million in construction financing for Metro Parc South, a forthcoming 347-unit transit-oriented multifamily development in Hialeah, Florida. The project is part of the larger Metro Center master plan and will be developed with financing provided by New York-based SCALE Lending, the lending arm of Slate Property Group. Metro Parc South is being designed by Modis Architects, based in Miami, with Coral Gables-based KAST Construction serving as the general contractor.