Florida

LyvWell Communities Develops Wellness-Centered Townhomes in Tampa’s Deer Valley

by Channing Hamilton December 4, 2023

TAMPA, FLA. — LyvWell Communities announces its latest build-to-rent development in Tampa: 115 new townhomes in the Westchase district. Land development is currently underway, with move-in dates available as early as summer 2024. LyvWell Communities caters to the health-conscious preferences of residents, developing properties with amenities such as pools, dog parks, outdoor fitness areas, zen zones, community pavilions, and community gardens. From fenced yards and garages to versatile living spaces equipped with air and water filtration systems, blackout shades for restful sleep, and circadian lighting, LyvWell Communities offers a comprehensive approach to …

December 4, 2023

Florida Investment Sales News People News Southeast

JLL Capital Markets Adds Nick Lavin to South Florida Multifamily Investment Sales Team in Miami

by Channing Hamilton December 4, 2023

MIAMI — JLL Capital Markets has added Nick Lavin to its South Florida multifamily investment sales team as a Director in the Miami office. In his new role, Lavin will focus on growing the firm’s multi-housing investment sales platform throughout the South Florida region. He will work alongside the current South Florida multi-housing and land investment sales team, which includes Matthew Lawton, Maurice Habif and Simon Banke. Prior to his time in the Los Angeles office, Lavin also spent almost three years in Chicago with HFF. He earned his degree as a double major …

December 4, 2023

Florida Investment Sales News Southeast

Venterra Realty Acquires Avasa Hammock Landing in West Melbourne, Florida

by Channing Hamilton November 27, 2023

WEST MELBOURNE, FLA. — Venterra Realty has acquired Avasa Hammock Landing, a 300-unit community in West Melbourne. Avasa Hammock Landing was recently built in 2023. The garden-style community offers one-, two- and three-bedroom apartments. Units range from 769 to 1484 square feet in size. Amenities include a pool, pavilion with grills and TVs, hammock lawn, fitness center, yoga studio, remote workspaces, dog park and dog wash station. Venterra Realty plans to implement several resident-focused programs, including a 48-hour maintenance guarantee.

November 27, 2023

Finance Florida News Southeast

Lument Provides $22.6 Million Fannie Mae Loan to Refinance Pinebrook Apartments in Jacksonville, Florida

by Channing Hamilton November 20, 2023

JACKSONVILLE, FLA. — Lument has provided a $22.6 million Fannie Mae loan to refinance Pinebrook Apartments, a 208-unit property in Jacksonville. Tim Stevens of CREFCO brokered the transaction. The loan features a 10-year year term with seven years of interest only payments and a 30-year amortization schedule. The financing originated in June 2021 as a Lument proprietary bridge loan through Lument’s Real Estate Investment Strategy group. Originally built in 1974, Pinebrook Apartments consists of 16 buildings on an 11.1-acre site. The garden-style community offers amenities such as a pool, fitness center, clubhouse, …

November 20, 2023

Florida Investment Sales News Southeast

Olympus Property Acquires 288-Unit Primrose in Santa Rosa Beach, Florida

by Channing Hamilton November 9, 2023

SANTA ROSA BEACH, FLA. — Olympus Property has acquired Primrose, a 288-unit community in Santa Rosa Beach. The seller and sales price were not disclosed. Built in 2022, Primrose offers one-, two- and three-bedroom apartments and townhomes. Units feature quartz countertops, tile backsplashes, wood-style flooring and full-size washers and dryers. Amenities include two pools with cabanas, a poolside entertainment deck, gaming lawn, cardio and flex gym and a resident lounge. The property to located in proximity to several of Florida’s Emerald Coast key attractions, including Grand Boulevard at Sandestin, 30A …

November 9, 2023

Berkadia Florida Investment Sales News Southeast

Berkadia Brokers Sale of Berkshires at Citrus Park in Tampa, Florida

by Channing Hamilton November 8, 2023

TAMPA, FLA. — Berkadia has arranged the sale of Berkshires at Citrus Park, a 264-unit community in Tampa’s Citrus Park submarket. Berkshire Residential sold the property to Nuveen Real Estate for an undisclosed price. Matt Mitchell, Jason Stanton and Bailey Smith of Berkadia represented the seller in the deal. Situated at 6201 Gunn Highway, Berkshires at Citrus Park offers amenities such as a pool with a sun deck, fitness and cardio center, clubhouse with business center, gated access, lake with fountain and fishing pier, two dog parks and a picnic …

November 8, 2023

Development Florida News Southeast

Mill Creek Residential Breaks Ground on 304-Unit Modera Encore in Tampa, Florida

by Channing Hamilton November 8, 2023

TAMPA, FLA. — Mill Creek Residential has begun development for Modera Encore, a mixed-use community in downtown Tampa. Situated at 1211 Ray Charles Blvd., Modera Encore will feature 304 apartments and 8,000 square feet of ground-floor retail space. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a pool, resident clubhouse, game room, courtyards, pet spa, conference rooms, co-working space, coffee bar and a fitness center. First move-ins are anticipated for the spring of 2025.

November 8, 2023

Affordable Housing Development Florida Leasing & Marketing News Southeast

Miami-Dade County, Related Group Deliver Two Affordable Housing Communities As Part of $1 Billion River Parc Redevelopment

by Channing Hamilton November 6, 2023

MIAMI — Miami-Dade County, in partnership with locally-based developer Related Group, has opened Robert King High and Paseo del Rio, two affordable housing communities in Miami’s Little Havana neighborhood. The two properties serve as the fourth and fifth phases of the River Parc master plan, a $1 billion mixed-income redevelopment project. At full build-out, River Parc will offer 2,500 affordable, workforce and market-rate apartment units. Residents will have access to the Robert King High Community Center, a one-story clubhouse adjacent to Robert King High, as well as 15,000 square feet of commercial …

November 6, 2023

Townhomes at Powell in Wildwood, Florida

Development Finance Florida News Southeast

JLL Capital Markets Arranges $32.7 Million for Build-to-Rent Project in Wildwood, Florida

by Channing Hamilton November 3, 2023

WILDWOOD, FLA. — JLL Capital Markets has arranged $32.7 million in LP equity and non-recourse construction financing for the development of Townhomes at Powell, a 132-unit build-to-rent community in the Wildwood suburb of The Villages, Florida. JLL’s Samy Cohen, Alberto Dichi and Alan Benenson worked on behalf of the borrower, Agador Spartacus Development, to secure the financing. Max La Cava, Shane Ciacci and Justin Sosa led the JLL Capital Markets Capital Advisory team. The property will include 92 two-story flats and 36 townhomes. Units come in one-, two- and three-bedroom layouts …

November 3, 2023

Development Finance Florida Investment Sales Leasing & Marketing Market Reports Southeast

Development Wave in Jacksonville Reaches Crescendo

by Channing Hamilton October 23, 2023

The City of Jacksonville’s pro-development plans have apartment developers feeling confident amid soft market conditions challenging many cities today. Downtown Jacksonville is a 3.9-square-mile area that straddles about six miles of the St. Johns River. It’s made up of eight districts or neighborhoods along the river’s north and south banks. The Downtown Investment Authority (DIA) has identified these eight districts as sites for future development for residential, hotel, retail and office projects. Within these districts, developers are expected in 2024 to complete 31 multifamily projects, which include 8,402 units, according …

October 23, 2023

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