Florida

Clara Bay Harbor 100th in Bay Harbor Islands, Florida
DevelopmentFinanceFloridaNewsSoutheast

Walker & Dunlop Arranges $53.6 Million Construction Financing for Clara Bay Harbor 100th in Bay Harbor Islands, Florida

by Channing Hamilton

BAY HARBOR ISLANDS, FLA. — Walker & Dunlop has brokered a $53.6 million loan for the construction of Clara Bay Harbor 100th, a 150-unit development in Bay Harbor Islands, 15 miles from Miami. Adam Schwartz, Aaron Appel, Jonathan Schwartz, Keith Kurland, Michael Ianno, Christopher de Raet and Marlon Robins of Walker & Dunlop secured the loan on behalf of the borrower. Located at 1145-1163 100th St., Clara Bay Harbor 100th is the second phase of a three-phase rental development by Clara Homes. Phase II will comprise 45 units. The developer …

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Atlantica at Town Center in Davenport, Florida
FinanceFloridaNewsSoutheast

JLL Arranges $69.6 Million Refinancing for Atlantica at Town Center Near Orlando

by Channing Hamilton

DAVENPORT, FLA. — JLL has arranged a $69.6 million loan for the refinancing for Phase I of Atlantica at Town Center, a community located at 1121 Loblolly Lane in the Orlando suburb of Davenport. Gregory Nalbandian, Kenny Cutler and Josh Odessky of JLL arranged the two-year, floating-rate bridge loan through Timbercreek Capital on behalf of the borrowers, Sovereign Properties and Invest Capital Group. Phase I of Atlantica at Town Center, which was delivered in December 2022, comprises 360 units. The community features one-, two- and three-bedroom units ranging from 683 …

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Parks at Hallandale in Hallandale Beach, Florida
DevelopmentFinanceFloridaNewsSoutheast

13th Floor Secures $83 Million Construction Loan for Parks at Hallandale in Hallandale Beach, Florida

by Channing Hamilton

HALLANDALE BEACH, FLA. — Miami-based 13th Floor Investments has secured an $83 million construction loan for Parks at Hallandale, a 398-unit project underway in Hallandale Beach, approximately 12 miles south of Fort Lauderdale, Florida. Development is slated to complete in 2026. CIBC Bank USA provided the loan. Scott Wadler and Alec Fox of Berkadia also arranged an undisclosed amount of preferred equity from Houston-based Marble Capital. Situated on 15.5 acres, Parks at Hallandale will offer studio, one-, two- and three-bedroom market-rate and workforce housing units. Planned amenities include a clubhouse, …

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EDEN at Kendall West in Jacksonville, Florida
Build-to-RentDevelopmentFloridaLeasing & MarketingNewsSoutheast

EDEN Living Delivers 265-Unit Build-to-Rent Community in Jacksonville, Florida

by Channing Hamilton

JACKSONVILLE, FLA. — EDEN Living has completed EDEN at Kendall West, a 265-unit build-to-rent community in Jacksonville. The community is situated on 20 acres at 9105 Tredinick Pkwy. EDEN at Kendall West offers 193 single-story units and 72 two-story townhomes. Units come in one-, two- and three-bedroom layouts and range from 700 to 1,300 square feet. Each residence features a private backyard. The townhomes also include private garages. Community amenities include a clubhouse, fitness center, pool, dog grooming station, dog park, walking trails and clubroom. Leasing and resident move-ins have …

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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 …

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3043 S.E. Port St. Lucie Blvd. in Port St. Lucie, Florida
BerkadiaDevelopmentFloridaInvestment 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.

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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.

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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 …

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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.

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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. 

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