Self Storage Facing Multiple Headwinds Including Softening Demand
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 […]
Out with the Old
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 […]
18-story Live Local Act project planned in Hollywood Beach. Here are the plans.
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 […]
Developer proposes apartments in Boca Raton through Live Local Act
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 […]
Land near Orlando Executive Airport eyed for new apartments inspired by Live Local Act
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 […]
City to consider company’s plan to build marina with tiki bar in Broward County
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 […]
Florida’s Live Local Act inspires new UCF-area development in east Orlando. Here’s what to know.
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 […]
Condo safety law sparked by Surfside collapse may force owners out
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 […]
A petty, costly tale of two Broward cities
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 […]
LIVIN’ LA VIDA LOCAL
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 […]
‘When Local Control Turns Into Local Out Of Control’: The Battle Over Who Should Fix Texas’ Housing Woes
This is Part 3 of a Bisnow investigative series that explores the “Texas Miracle” — the Lone Star State’s multidecade strategy that attracted hundreds of U.S. companies, millions of people and billions of dollars within its borders. Texas became the ninth-largest economy in the world, but the nation’s housing crisis is hurtling the state toward an […]
High Court Minn. Takings Ruling Could Lead To More Suits
he U.S. Supreme Court’s decision Thursday that a Minnesota county can’t keep proceeds from the sale of a residential condo it took after the owner fell behind on property taxes could lead to additional litigation in the nearly dozen other states that allow for such measures, experts say. The high court’s unanimous decision Thursday in […]
‘Are You Respecting Their Dignity?’: Employee-Surveillance Trend Deeply Splits Employers
A new Littler Mendelson survey of in-house attorneys and corporate leaders found two-thirds were concerned about the technologies’ impact on employee morale and compliance with privacy laws. From keystroke loggers to screenshot-capturing software and webcam eye-trackers, employee-monitoring tools have been on the rise since the COVID-19 pandemic drove white collar workers out of their cubicles […]
Developers In A ‘Mad Rush’ To Take Advantage Of Florida’s Live Local Act
When Condra Property Group bought the single-story motel at 2007 North Ocean Drive in Hollywood, Florida, last year, it was planning to redevelop the site into a 10-story luxury hotel. But the project required a height variance, got tied up in the approval process and never broke ground, the developer’s land use attorney said. Then in March, […]
Impact of affordable workforce housing law still being assessed by developers, experts
It’s been more than a month since the passage of a statewide law that would grant developer massive building rights throughout Florida if residential units are reserved for workforce housing. However, the true impact of the law, which won’t go into effect until July 1, is still being assessed by developers, planners, and attorneys. “There […]
Florida lawmakers tackle affordable housing, condo safety, foreign investment
Affordable housing, insurance lawsuit reform already signed into law Against the backdrop of controversial measures regarding permitless carry, a six-week abortion ban and Gov. Ron DeSantis’ feud with Disney, Florida state lawmakers have advanced a number of bills this session that could alter the landscape for developers, brokers and property owners in the Sunshine State. […]
Andrew Ingber Joins Government Law Group as an Associate Attorney
Government Law Group (GLG) is pleased to announce that Andrew J. Ingber has joined the firm as an Associate Attorney. Mr. Ingber brings significant litigation experience and a commitment to achieving favorable outcomes for clients. Mr. Ingber joins GLG after working at a large Florida law firm, where he successfully litigated high-exposure cases in the […]
New Florida affordable housing funding bill to spur massive redevelopment
Florida Governor Ron DeSantis A new bill signed by Florida Gov. Ron DeSantis that aims to spur development of affordable housing across Florida could lead to a wave of redevelopment of low-density areas. The Live Local Act (SB 102) increases funding for affordable housing projects, makes it easier for developers to win approval for affordable housing in […]
Judge scolds Boca mayor, 2 council members in lawsuit over luxury beachfront home
The developer of a long-stymied beachfront luxury home proposed in Boca Raton has moved a big step closer to building it after a partial victory in federal court where the judge excoriated the mayor and two city council members for purported bias. U.S. District Judge Rodney Smith ruled that Natural Lands LLC has a vested […]
South Florida real estate projects in the pipeline for the week of April 7
Jupiter Medical Center has proposed an $110 million expansion. The nonprofit hospital currently has 248 beds at 1210 Old Dixie Highway. It wants to build a 92-bed addition on the east side of its campus. The new five-story building would total 135,000 square feet. In addition, a five-story parking garage would be built with 845 […]