Friday, July 26, 2024
Read the Digital Magazines Subscribe to the Newsletter

Florida

The Mav Channelside in Tampa, Florida
FinanceFloridaNewsSoutheast

BWE Arranges $76.8 Million Refinancing for The Mav Channelside in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — BWE has negotiated a $76.8 million loan for the refinancing of The Mav Channelside, a 324-unit property located at 601 N. 12th St. in Tampa’s Channelside District. Alan Tapie, Thomas Wiedeman, Brad Walker and Hanley Long of BWE secured the five-year, fixed-rate loan using Fannie Mae’s Near-Stabilization Execution. The borrower was a joint venture led by Birmingham, Ala.-based Daniel Corp. The Mav Channelside was built in 2022. The mid-rise community offers a mix of 108 studio, 163 one-bedroom and 53 two-bedroom apartments. Community amenities include a fitness …

Continue Reading
0 FacebookTwitterLinkedinEmail
3043 S.E. Port St. Lucie Blvd. in Port St. Lucie, Florida
DevelopmentFloridaInvestment SalesNewsSoutheast

Berkadia Brokers $8.5 Million Sale of 22-Acre Development Site in Port St. Lucie, Florida

by Channing Hamilton

PORT ST. LUCIE, FLA. — Berkadia has negotiated the sale of a 22-acre site located at 3043 S.E. Port St. Lucie Blvd. in Port St. Lucie. Development firm Ciprés acquired the parcel from Sympatico Real Estate for $8.5 million. Ciprés plans to develop a 324-unit community on the site. A construction timeline for the project was not disclosed. Omar Morales, Jaret Turkell, Roberto Pesant and Yoav Yuhjtman of Berkadia Florida arranged the deal. Javier Herrera of Franklin Street acted as the land lender broker, and Vertix provided acquisition financing.

Continue Reading
0 FacebookTwitterLinkedinEmail
Natura by Murbeck in Gainesville, Florida
DevelopmentFinanceFloridaNewsSoutheast

Meridian Capital Group Arranges $67.5 Million Construction Loan for Natura by Murbeck in Gainesville, Florida

by Channing Hamilton

GAINESVILLE, FLA. — Meridian Capital Group has arranged a $67.5 million loan to facilitate the construction of Natura by Murbeck, a 315-unit community located at 6224 S.W. 20th St. in Gainesville. Greystone provided the two-year, non-recourse loan, which will transition to a permanent loan. Murbeck Investments is the borrower and developer. Natura by Murbeck will offer one-, two- and three-bedroom apartments. Planned amenities include a pool, pickleball courts, gym and garages. Monthly rents at the property will range from $1,780 to $2,800. A construction timeline was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sevila at Downtown Doral in Doral, Florida
DevelopmentFloridaNewsSoutheast

Codina Partners Secures Site Plan Approval for 412-Unit Sevila at Downtown Doral Near Miami

by Channing Hamilton

DORAL, FLA. — Codina Partners has received site plan approval for Sevilla at Downtown Doral, a 412-unit project in the Miami suburb of Doral. Sevilla will offer one-, two- and three-bedroom units ranging from 720 to 1,708 square feet. Planned amenities include a pool with a deck featuring outdoor loungers, BBQ stations, cabanas, Zen courtyard and a dog park. The community will be situated within Downtown Doral, a 250-acre mixed-use development. Codina Plans to construct Sevilla in two phases, with Phase I move-ins slated to begin in the second quarter …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceFloridaNewsSoutheast

WMG Development Appoints Todd Bleakley as Vice President of Multifamily

by Channing Hamilton

WINTER GARDEN, FLA. — WMG Development (WMG), an investment and development company based in Winter Garden, has appointed Todd Bleakley as its first Vice President of Multifamily. Bleakley has led market-rate institutional developments totaling approximately 10,000 units across the state of Florida. Prior to joining WMG, Bleakley managed boutique, regional and national development offices throughout the Southeast. He is a licensed Florida Real Estate Broker and has completed the Certified Commercial Investment Member program.

Continue Reading
0 FacebookTwitterLinkedinEmail
Old Cutler Village in Miami-Dade County, Florida
Affordable HousingDevelopmentFloridaNewsSoutheast

Pinnacle Secures $49.9 Million Construction Financing for Affordable Housing Development in Miami-Dade County, Florida

by Channing Hamilton

MIAMI-DADE COUNTY, FLA. — Pinnacle has secured $49.9 million in construction financing for phase II of Old Cutler Village, a 120-unit affordable housing project located at 10455 Old Cutler Road in unincorporated southern Miami-Dade County. Once completed, the building will rise five stories and offer one-, two- and three-bedroom layouts. Units will be available to households earning 30, 60 and 70 percent of the area median income. Construction is expected to be completed in October 2025. 

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment SalesNewsSoutheast

S2 Capital Purchases 104-Unit Belle Rive Club Apartments in Jacksonville, Florida

by Channing Hamilton

JACKSONVILLE, FLA. — S2 Capital has acquired Belle Rive Club Apartments, a 104-unit community located at 8715 Belle Rive Blvd. in the Royal Lakes neighborhood of Jacksonville. Belle Rive Club Apartments offers one- and two-bedroom floor plans. Amenities include a pool, grilling area, dog park, fitness center, clubhouse, car wash area and access to the nearby inland lakes. The name of the seller was not disclosed. S2 Capital acquired the asset alongside Vineyard Hills, a 202-unit community in Austin, Texas.

Continue Reading
0 FacebookTwitterLinkedinEmail
V by Alta in Orlando, Florida
DevelopmentFloridaNewsSoutheast

Wood Partners Breaks Ground on 219-Unit V by Alta in Orlando, Florida

by Channing Hamilton

ORLANDO, FLA. — Wood Partners has broken ground on V by Alta, a 219-unit development located at 10149 Arise Loop in Orlando. The community will offer a mix of studio, one-, two- and three-bedroom units. Planned amenities include a lobby lounge, clubroom, business lounge, fitness center, game room, pool, pet park with pet wash station, grilling stations, bike racks and EV charging stations. The fifth floor will also feature a Fireworks Lounge, where tenants can watch nightly fireworks from the nearby theme parks.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceFloridaNewsSoutheast

Berkadia Arranges $97 Million Construction Loan for The Carlton at Robinson Gateway in Palmetto, Florida

by Channing Hamilton

PALMETTO, FLA. — Berkadia has negotiated a $97 million construction loan for The Carlton at Robinson Gateway, a 610-unit development in Palmetto. Mitch Sinberg, Bryan Brown, Matt Robbins, Scott Wadler and Brad Williamson of Berkadia arranged the financing through Goldman Sachs Private Bank, a division within its Wealth Management platform. The Mahaffey Apartment Co., the borrower and developer, expects to break ground on the community this summer. Esterline Construction is the general contractor on the project. The Carlton at Robinson Gateway will offer one-, two- and three-bedroom units ranging from …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Arcadian in Fort Lauderdale, Florida
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

Centennial Bank Provides $84.4 Million Construction Loan for Affordable Housing Project in Fort Lauderdale, Florida

by Channing Hamilton

FORT LAUDERDALE, FLA. — Centennial Bank has provided an $84.4 million loan to facilitate the construction of The Arcadian, an affordable housing development located in the Sistrunk District of Fort Lauderdale. Sunshine Shipyard LLC, an affiliated company of a joint venture between Fuse Group and Boca Paila LLC, was the borrower and developer.  Situated at 640 NW 7th Avenue, The Arcadian will comprise 478 apartments. The property also includes 15,000 square feet of ground-floor retail and a 212,000-square-foot parking garage. Units will be available to households earning between 100 and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2023 France Publications, dba France Media Inc.