Construction has commenced on Serenity Gardens, a 153-unit affordable senior housing community in Miami Gardens, following a groundbreaking ceremony held by SG Holdings and New Urban Development LLC, an affiliate of the Urban League of Greater Miami. The development is being built on city-leased land in partnership with the City of Miami Gardens and is expected to be completed in late 2028.
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Prosper Group and Versluys Group have closed on a three-parcel waterfront assemblage in Brickell for $50 million, advancing plans for a proposed 60-story luxury residential tower along the Miami River. The approximately one-acre assemblage, w which includes 66 SW 6th Street, 625 SW 1st Avenue, and a riverfront parcel that was previous part of 99 SW 7th Street that has yet to be assigned an address, was acquired from Two Roads Development and Newgard Development Group. Miami-based Vaster provided a $30.5 million acquisition loan for the transaction.
Construction has started on a 417,00-square-foot multi-family housing project in Orlando. The project intends to deliver market-rate rentals to young professionals and small families.
Habitat for Humanity Tampa Bay Gulfside has plans for an affordable housing development in St. Pete. The venture is named for the now-demolished St. Bede Episcopal Church, which was constructed in 1952 and later demolished in 2023.
Construction is progressing on Mr. C Hotel & Residences West Palm Beach, a 27-story mixed-use tower at 320 Lakeview Avenue in Downtown West Palm Beach. Designed by Arquitectonica with interiors by Meyer Davis and developed by Terra and Sympatico Real Estate, the development will yield 110 hotel suites and 146 branded residences, including a collection of turnkey, move-in-ready resort residences. KAST Construction is the general contractor.
