Fort Lauderdale-based Affiliated Development has started construction on the highly anticipated mixed-income workforce housing project, The Grand. The Grand was capitalized by a $53 million first mortgage from Bank United and an investment from Affiliated Housing Impact Fund, LP and a private family office.
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Greenstone Property Group Acquires Miami Multifamily Portfolio From Ytech For $119 Million
The Miami-based Ytech has sold a multfamily portfolio in Miami totaling 677 apartment units for $119 million to the New York-based Greenstone Property Group. The dual transaction included the $41 million sale of Ocean House NoBe in Miami Beach and the $78 million sale of Lake House in Miami Gardens.
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Pinnacle Breaks Ground on Bimini Cove Luxury Multifamily Project In Fort Lauderdale
The Miami-based multifamily developer Pinnacle has broken ground on Bimini Cove, the firms newest planned luxury rental community in Fort Lauderdale. Nestled into the Marina Bay area along the south fork of the New River the community will offer exceptional convenience for land and sea lovers alike.
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CORE Apartment Tower Opens At 13th Floor Investments And Adler Group's Mixed-Use Link at Douglas
13th Floor Investments and Adler Group’s 312-unit, transit-oriented CORE residential tower is now open and welcoming residents, marking the first building to deliver within the 7-acre Link at Douglas mixed-use development adjacent to the Miami-Dade Metrorail and The Underline linear park.
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160 Marina Bay Celebrates Groundbreaking in Fort Lauderdale After Completing Demolition
Developer Gold Krown has announced the groundbreaking of 160 Marina Bay, a five-story boutique condominium development located on Fort Lauderdale’s Intracoastal Waterway at 160 Isle of Venice Drive. The project will include 16 luxury condominiums with east-facing waterfront views and a private marina.
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Related Group Sells New River Yacht Club Multifamily Complex In Fort Lauderdale For $85 Million
The Miami-based Related Group has sold the New River Yacht Club multifamily apartment complex in Fort Lauderdale for $85 million, roughly $341,000 per unit. The buyer is the Harbor City, California-based BJ Verde Properties.
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Melo Group's Downtown 5th, The Largest Multifamily Project Ever Built in Downtown Miami's CBD, Now 100% Leased
Melo Group has completed Downtown 5th, the single largest multifamily project built in Downtown Miami’s Central Business District. The twin 52-story tower development, located at 55 & 25 NE 5th Street, comprises 1,042 rental apartments and approximately 12,500 SF of ground floor retail space.
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Miami-Based Private Equity Group Galium Capital Continues To Expand Houston Portfolio with Acquisition of Millennium High Street
Galium Capital, LLC, a Miami-based private equity group, has announced the acquisition of Millennium High Street in Houston, TX. Millennium High Street is a LEED Gold-certified, 340-unit institutional-grade multifamily apartment building in Galleria District of Houston. The transaction closed on August 20, 2021.
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PMG and Greybrook Lock Down $142.3 Million Construction Loan for Society Wynwood
National investment, development, and asset management firm PMG, alongside partner Greybrook Realty Partners, has secured a $142.3 million construction loan for the 10-story Society Wynwood mixed-use project located at 2431 NW 2nd Ave. in Miami’s Wynwood Arts District.
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Life Time Coral Gables Opens 1.2 Million SF Live, Work, Play, Athletic Resort Mixed-Use Multifamily Development
Life Time Coral Gables has officially opened in Coral Gables, bringing a 1.2 million SF luxury athletic resort with elegant co-working and exquisite residences to The City Beautiful. Conceptualized by Life Time, the 1.2 million SF development is a first-of-its-kind destination centered around the company’s iconic athletic resort.
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