Florida

Brickell-Starlite-Miami
DevelopmentFinanceFloridaNewsSoutheast

JV Receives $250 Million Construction Loan to Build Miami Tower

by Lynn Peisner

MIAMI — Focus, a Chicago-based developer, and Group Fox, an investment and property management company also out of Chicago, have received a $250 million construction loan to build Brickell Starlite in Miami. Affinius Capital was the lender. Cushman & Wakefield arranged the financing. Brickell Starlite is a to-be-built, 39-story, 517-unit luxury property in Miami’s Brickell submarket on the site of the former Starlite Motel. Units will be offered as studio, one-, two- and three-bedroom layouts with 5 percent of the units designated for workforce housing. The development will feature amenities …

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VLH-Lakeland
BerkadiaFloridaInvestment SalesNewsSoutheast

Providence Group Sells Property in Lakeland, Florida

by Lynn Peisner

LAKELAND, FLA. — National Property Management Associates, based out of Orchard Park, New York, has acquired Village at Lake Highland in Lakeland from Chicago-based Providence Real Estate. The sales price was not disclosed. Cole Whitaker, Jason Stanton and Mary Beale of Berkadia Central & North Florida arranged the sale on behalf of Providence. Located at 2150 Lake Highland Blvd., Village at Lake Highland was built in 2001 and consists of 16 two- and three-story buildings on a 37-acre site. The community offers one-, two- and three-bedroom units ranging from 729 …

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Vireo-Medical-District-McKinney
Build-to-RentFinanceFloridaNewsSoutheastTexas

JLL Arranges Refinancing for BTR Portfolio in Dallas, Austin and Tampa Markets

by Lynn Peisner

WESLEY CHAPEL, FLA., MCKINNEY and GEORGETOWN, TEXAS — JLL has arranged a $130 million refinancing loan through KeyBank National Association’s Institutional Real Estate Group for the Vireo build-to-rent portfolio. The three properties were developed by McCarthy Cos. and include Vireo Medical District, a 210-unit property at 2300 S. McDonald St. in McKinney that was completed in 2024 and has recently stabilized; Vireo Twelve Oaks, a 217-unit property at 201 Morningstar Blvd. in Georgetown that was delivered in 2025 and is currently in lease-up; and Vireo Wesley Chapel, a 181-unit project …

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Novel-Nona-Orlando
FloridaInvestment SalesNewsSoutheast

Crescent Communities Sells NOVEL Nona in Orlando

by Lynn Peisner

ORLANDO, FLA. — Crescent Communities has sold NOVEL Nona to an undisclosed private real estate management company. The Charlotte, North Carolina-based developer broke ground on the 260-unit, wellness-focused community in 2021. NOVEL Nona, located in Orlando’s Lake Nona area, features a fitness center with a dedicated studio for yoga and spin classes, coworking spaces, a saltwater pool with cabanas, bike storage, walking trails, a conservation area, a top-floor lounge with TVs and a craft cocktail bar, two courtyards, firepits and grills. Units feature circadian lighting (tunable lighting that mimics the …

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Embrey-Boggy-Creek-Kissimmee
DevelopmentFinanceFloridaNewsSoutheast

PCCP Provides $66 Million Construction Loan for EMBREY’s Metro Orlando Project

by Lynn Peisner

KISSIMMEE, FLA. — EMBREY has closed on the land sale and secured $66 million in construction financing, provided by PCCP, for the development of Boggy Creek, a 300-unit community in Kissimmee. Completion of the three-story garden style project, situated on 13.3 acres, is slated for early 2027. Units will feature granite countertops, stainless steel appliances, wood-style flooring, walk-in closets, detached garages and full-size washers and dryers. Amenities will include a resort-style pool, private cabanas, a clubhouse and business center with private workspaces, a game room, a fitness center, a dog …

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Luxe-at-1820-Tampa
FloridaInvestment SalesNewsSoutheast

StoneBridge Investments Buys Luxe at 1820 in Tampa

by Lynn Peisner

TAMPA, FLA. — StoneBridge Investments has acquired Luxe at 1820 in Tampa from American Landmark for an undisclosed amount. Brian Moulder and Chris Chadbourne of Walker & Dunlop represented the seller. Acquisition financing was arranged by Connor Locke, Brenden Coleman and Skye Stansbury of Walker & Dunlop. The 300-unit garden-style property is located at 1820 Crosstown Club Place in the Tampa suburb of Brandon, about 8 miles east of downtown. The asset was constructed in 2009, and Washington, D.C.-based StoneBridge is planning to implement capital improvements during its hold. “Tampa …

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Village-at-Cedar-Hills-Jacksonville
Affordable HousingDevelopmentFloridaNewsOperationsSoutheast

Ability Housing Opens $31 Million Affordable Community in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — Ability Housing has completed Village at Cedar Hills, an affordable housing community in Jacsksonville’s Westside neighborhood. Rent restrictions for the property’s 90 units vary, ranging from 30 to 60 percent of area median income (AMI). Monthly rents are based on household size and income and range from approximately $500 for a one-bedroom unit for a household earning 30 percent or less of AMI to approximately $1,380 for a three-bedroom unit for a household earning up to 60 percent of AMI. Six units are reserved for individuals or …

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Momentum-Blanding-Jacksonville
Affordable HousingDevelopmentFloridaNewsSoutheast

Falcone Group Opens Attainable Housing Development in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — The Falcone Group has opened Momentum Blanding, a 240-unit workforce housing community in the Westside neighborhood of Jacksonville. The property is Boca Raton-based Falcone’s first workforce project. Monthly asking rents start at $1,299 for a one-bedroom apartment. The community also features two- and three-bedroom units as well as a resort-style pool, a clubhouse with a game room, a business center, a coffee bar, a resident lounge, a playground, a pet park, a yoga studio and a fitness center. Rentyl Apartments & Homes, also based in Boca Raton, …

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Residences-at-Palm-Court-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Related Group, Miami-Dade County Break Ground on Mixed-Income Project

by Lynn Peisner

MIAMI — Related Group and Miami-Dade County have broken ground on The Residences Palm Court, a 316-unit mixed-use, mixed-income LIHTC project at 950 NW 95th St. in Miami. Out of the 316 homes, 191 will be reserved specifically for seniors. Rents are capped at levels varying across the community from 20 to 80 percent of area median income. Completion is slated for late 2027. The project is a redevelopment that will replace two former public housing communities built during the 1970s. According to Related Group, all current on-site senior residents …

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Julington
FeaturesFloridaMarket ReportsSoutheast

Market Disequilibrium Signals Opportunity in Jacksonville

by Lynn Peisner

By Paul Berry Jacksonville is increasingly recognized as an outstanding place to live, work and build a business. Its multifamily sector, while recently challenged by a wave of new supply, is set for a rebound that will reward patient investors. With peak deliveries now in the rearview mirror, the metro area is well positioned for a strong cyclical upswing, complementing its already robust economic trajectory. Core Drivers: Population Growth, Pro-Business Jacksonville is a legitimate, big-league city. The population of the metro area has reached 1.76 million, growing by about 37,000 …

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