Florida

Rendering of future mixed-use project at Brightline site in Miami
BerkadiaDevelopmentFloridaNewsSoutheast

Berkadia Arranges $39.5 Million Sale of Miami TOD Site

by Lynn Peisner

MIAMI — A joint venture consisting of The John Buck Co., Florida Value Partners, BH Group and PEBB Enterprises has acquired a development site in Miami for $39.5 million. Berkadia arranged the sale. The property is entitled for the development of 301 residential units, 244,000 square feet of office space and approximately 7,000 square feet of retail. The 1-acre site, referred to as Miami Station, is located across from the Miami Central Brightline station. The Brightline is a rail system that runs between Miami and Orlando.  Senior Managing Directors Jaret …

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A rendering of Card Sound Key Apartments
DevelopmentFloridaNewsSoutheast

Coral Rock Development Will Break Ground in 2024 on Workforce Project Near Miami

by Lynn Peisner

FLORIDA CITY, FLA. — Coral Rock Development Group will break ground in 2024 on Card Sound Key Apartments in Florida City, approximately 40 miles south of Miami.  Card Sound Key Apartments will be comprised of 342 units in one-, two- and three-bedroom layouts. The developer says 20 percent of the units will be workforce housing, reserved for renters earning 100 percent or less of the area median income (AMI). Amenities will include an outdoor workout circuit called Vita Course, a pool, barbecue area, two-story clubhouse, dog park, playground and a …

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A 3D rendering of Solamar Wildwood floor plans, including a teal quadplex, teal duplex, and white and orange villa.
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

JLL Arranges $48M in Construction Financing for Build-to-Rent Development in Central Florida

by Channing Hamilton

WILDWOOD, FLA. — JLL has arranged $48 million in construction financing for the development of Solamar Wildwood, a 243-unit build-to-rent development in Wildwood. Churchill Real Estate provided the two-year, non-recourse loan to the borrower, a partnership between TRUSOT Developments and Agador Spartacus Development (AS). Max La Cava, Kenny Cutler and Karim Khaiboullin of JLL arranged the financing on behalf of TRUSOT and AS, which are co-developing several residential projects across Florida. Situated adjacent to The Villages, a master-planned community in Central Florida for active adults, Solamar Wildwood will comprise townhomes …

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