Merrimac Ventures Secures $62.5 Million Construction Loan And Breaks Ground On 360-Unit Leena Ocala In Ocala, Florida

Merrimac Ventures, in partnership with Southern Waters Capital, has secured $62.5 million in construction financing from ACORE CAPITAL and broken ground on Leena Ocala, a 360-unit multifamily development planned for a 36-acre site at SW 60th Avenue and SW 52nd Street in Ocala, Florida. The garden-style apartment and townhome community will include 300 apartments across multiple three-story buildings and 60 two-story townhome residences, with first deliveries expected in late 2027 and full completion anticipated in 2028.

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Fairstead Announces $54.7 Million Acquisition And Rehabilitation Of Silver Oaks Apartments In Tampa

Fairstead has announced the $54.7 million acquisition and planned rehabilitation of Silver Oaks Apartments, a 200-unit affordable housing community at 4200 Kenneth Court in Tampa, Florida. The Hillsborough County property is governed by Section 8 and Low-Income Housing Tax Credit affordability restrictions, with all apartments reserved for households earning up to 60 percent of the Area Median Income. Renovations are expected to begin in Q2 2026 and reach completion in Q3 2027.

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OKO Group Reveals Plans For 53-Story LILLI Condominium Tower At 717 NE 27th Street In Edgewater, Miami

Plans have been revealed for Lilli, a 53-story waterfront condominium tower at 717 NE 27th Street in Miami’s Edgewater neighborhood. Developed by OKO Group, the project is designed by Adrian Smith + Gordon Gill Architecture and will yield 117 condominium residences overlooking Biscayne Bay. The 636-foot-tall tower is planned to contain around 360,679 square feet of space on a 0.63-acre site along the waterfront north of Missoni Baia and is among the final major undeveloped bayfront parcels in Edgewater. Lilli would replace a six-story, 30-unit residential building completed in 2004.

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