A construction loan has been secured for The Hedrick at Lake Toho, a 366-unit Class A multifamily community planned on approximately 21.7 acres along Toho Grande Boulevard in Kissimmee. Hedrick Brothers Development obtained a $56.5 million loan for the project, which is now advancing into vertical construction.
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The Miami-Dade County Board of County Commissioners has approved a proposal to redevelop a portion of the Pullman Miami Airport Hotel property at 5800 Blue Lagoon Drive with a 600-unit mixed-use residential development. Developed by LR Miami Airport Hotel, LLC, an affiliate of London + Regional Properties, the project calls for the construction of two eight-story mixed-use residential buildings designed by BIZI ARQ on the hotel’s existing surface parking lot while preserving the existing 15-story, 281-room hotel.
An affiliate of The Peebles Corp. wants to proceed with a workforce housing development in Miami-Dade.
Foundation work is underway for Palma Miami Beach, a 14-story condominium development at 600 71st Street in Miami Beach’s North Beach neighborhood. Developed by Lefferts and designed by Built Form, the project is being built by KAST Construction and will include condominium residences, ground-floor retail, and structured parking.
A townhome development in St. Petersburg could get approval for a 116-unit expansion.
