Omega Real Estate has locked down $100 million in construction financing to develop The Gardens Residence, a 358-unit mid-rise apartment community with 1,100 square feet of ground floor retail in North Miami, Fla. The financing was provided by Churchill Real Estate and was arranged by Berkadia.
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THE ESTATE COMPANIES GRANTED SITE PLAN APPROVAL FOR SOLESTE POMPANO BEACH LUXURY MIXED-USE RENTAL COMMUNITY
The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has obtained site plan approval from the City of Pompano Beach for Soleste Pompano Beach, an eight-story, mixed-use community with 253 luxury apartments and 4,000 square feet of commercial space at 208 N. Federal Highway in Pompano Beach.
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PMG Partners With Prop-Tech Company Sentral To Develop Dual-Tower Multifamily In Brickell
National investment, development, and asset management firm PMG, and Sentral, the rapidly expanding prop-tech company creating the world’s largest flexible living community, have announced a partnership to develop a two-phase, 803-unit multifamily community with more than 15,000 square feet of retail space in the heart of Miami’s Brickell neighborhood.
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Hyatt and Gencom Propose Arquitectonica-Designed Mixed-Use Redevelopment To Activate Downtown Miami Riverfront
Hyatt has teamed up with Miami-based luxury hospitality and residential developer Gencom, with the goal of redeveloping Downtown Miami’s iconic Hyatt Regency Miami, improving access in and out of the urban core, and activating a key piece of Miami’s riverfront. The Hyatt and Gencom venture is proposing a privately funded redevelopment that will comprise a reimagined upscale Hyatt Regency hotel.
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Shoma Group Acquires 2.5 Acre Transit-Oriented Site in Coral Gables To Develop Shoma One Mixed-Use Multifamily
Miami-based developer Shoma Group has announced its latest acquisition, a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million. It will be the site of Shoma One, a mixed-use project with a 391-unit apartment community and a Shoma Bazaar food hall. The development is expected to cost $220 million to build.
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Miami Worldcenter Completes Major Milestones Including 50K SF of Retail And 43-Story Bezel Tower
Miami Worldcenter has announced the completion of Block H, adding to the retail and parking components at the 27-acre project as active vertical development continues on the $4 billion mixed-use development in the heart of Downtown Miami. Block H is composed of 50,000 square feet of prime street-level and rooftop retail space.
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LUXCOM Reveals 235-Unit Multifamily Development In Sunrise
LUXCOM has revealed plans for a 235-unit multifamily rental community in Sunrise. Located on the south and east sides of Sunrise's main crossroads of Oakland Park Boulevard and University Drive, the project will transform multiple abandoned and underutilized commercial parcels into a brand-new Class A multifamily garden-style development.
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Related Group And W5 Group Break Ground On Quarters Wynwood Co-Living Development
The Related Group and W5 Group have broken ground on Quarters Wynwood, a new co-living development coming to Miami’s hot Wynwood neighborhood, after the developers locked down a $29 million construction loan. The building will feature shared living spaces and residents will rent bedrooms in shared apartments.
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The Allen Morris Company And Xenel International U.S.A. Launch The Residences At Xentury City In Osceola County
The Allen Morris Company, one of the largest diversified real estate firms in the Southeast, and Xenel International U.S.A., a diversified company and long-term landowner, have launched Residences at Xentury City, a $75 million multifamily development located in Osceola County.
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Mast Capital Breaks Ground On Second Phase Of Waterline Miami River Multifamily Development
A partnership between Mast Capital and global real estate investment firm AEW Capital Management has launched the second phase of Waterline Miami River, which will bring the full development to a combined 688 apartment units. The second phase will consist of 342 rental units on a 2.7-acre development site.
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