Declines in mobility and existing home sales leading to more normalized metrics. Softening demand that is mirroring migration and home sales trends has led to continued negative rent growth for the self storage sector, according to Yardi Matrix’s National Self Storage Report for October 2023. Street rates fell month-over-month in September and year-over-year. That Minneapolis […]
Coming in 2027: The St. Regis Residences, Sunny Isles Beach, Miami, a two-tower luxury condominium on Collins Avenue. Under development by Fortune International Group and Chateau Group, the project will rise just 5.4 miles from the Surfside site where Champlain Towers collapsed. With prices starting at $5.1 million, the St. Regis is situated on 4.7 […]
A block and a half of low-rise hotels along the beach in Hollywood could be redeveloped into an 18-story mixed-use project through the state’s new Live Local Act. The city’s Technical Advisory Committee will consider the proposal from New York-based Condra Property Group, led by Allen Konstam, on Sept. 18. It concerns 3.33 acres at […]
The apartments would be developed on an office site. The owner of a Boca Raton office building wants to build apartments in the parking lot through Florida’s new Live Local Act. MPF Vanderbilt Boca Property II LLC, an affiliate of Macquarie Capital in New York, filed plans for the 11.8-acre Boca Center site at 1800 […]
Florida’s still-new Live Local Act incentivizes developers to build workforce and affordable housing through zoning bypasses and tax benefits. Newly filed plans reveal a Nashville developer is eyeing a project inspired by Florida’s still-new Live Local Act near Orlando Executive Airport. Elmington, a commercial real estate investment, development, construction and property management firm, is behind […]
A new tiki bar and marina is being proposed at the site of the former Wilshire Marina in Hollywood. Hollywood’s technical review committee is scheduled to review Oceanside Marine, LLC’s plans to redevelop the 1.32-acre property on Sept. 5. The site is located at 2308 N. Ocean Drive along the Intracoastal Waterway. The project, called […]
A new project proposed near the University of Central Florida appears to be the first Orlando-area development directly inspired by Florida’s new Live Local Act. An application filed July 7 on behalf of Palm Beach Gardens-based Eastwind Development seeks to discuss developing the 14.1-acre property at 10850 E. Colonial Drive as a multifamily project. The […]
Following the Surfside collapse, condominium owners across Florida feared their building could be next, so state lawmakers passed new building restrictions last year. But some experts worry that the new law could force owners out of their homes if they can’t pay for multimillion renovations. Why it matters: Florida’s Building Safety Act, which Surfside victims’ families lobbied […]
By Francisco Alvarado, FloridaBulldog.org After nearly a decade, a petty feud between Pembroke Pines and Southwest Ranches involving a metal gate blocking a street near Griffin Road appears to be over. During that time, only first responders and some Pembroke Pines residents could pass through Southwest 207th Terrace and 54th Place without impediment. Townsfolk and […]
New state law might solve housing crisis, spark building boom Throughout Florida, developers scramble to meet with zoning attorneys, lobbyists, architects, accountants and contractors – all in preparation for July 1. That’s the day developers can pursue enhanced building rights for residential projects on land that is zoned commercial, industrial or mixed use. But there’s […]
