CENTRAL FLORIDA

Florida’s Live Local Act sparked more than 200 housing proposals, but only a fraction have reached construction. Here’s what’s holding projects back.

The 85,000-square-foot store will be Wayfair's 10th location. The company has said its large-format stores created a "sales halo" nearby and introduce the concept to new customers.

Side streets are providing new opportunities for retailers displaced by high costs in downtown Winter Garden. The latest move offers one business expanded space that includes dedicated treatment rooms and on-site parking.

The 103-year-old downtown Orlando building is entering a new chapter with new ownership, $1 million in upgrades and plans to fill its remaining office space.

The grocer is set to anchor a new 81,906-square-foot shopping plaza in the Kissimmee area.

McDowell Housing Partners closed on a construction loan and started work on Ekos at Bayonet Point II, the second phase of a three-phase master-planned community that will bring 360 affordable homes to Pasco County. The $38.9 million development will add 120 age-restricted apartments at 7526 McDowell Way in Hudson, one block from HCA Florida Bayonet ... The post McDowell Starts Work on Hudson Age-Restricted, Affordable Apartments appeared first on Connect CRE.

Florida Tech has opened the doors of a six-story, 556-bed student housing complex on the Melbourne campus. It was funded through $96.1 million in municipal bond financing. Dubbed Crimson Crossing, it was built using a Public-Private Partnership (P3) model with Servitas Development. It took 15 months to build. The majority of the apartment-style units in the complex will be four-bedroom, ... The post Florida Tech Opens $96 Million Student Dorm appeared first on Connect CRE.

Pearlmark has sold ShoreView Waterfront Apartments, a 216-unit Class A waterfront multifamily community located at 1161 3rd Avenue N in downtown Bradenton. Berkadia’s Matt Mitchell and Chris Burtner of Berkadia Florida arranged the sale on behalf of Pearlmark, which acquired the property through a mezzanine lender foreclosure before broadly marketing the asset for sale. The ... The post Pearlmark Offloads 216-Unit Bradenton Apartment Community appeared first on Connect CRE.

Cardone Capital paid $89.9 million for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller. Berkadia’s Matt Mitchell and Chris Burtner arranged the sale on behalf of The Inland Real Estate Group. Completed in 2015, Orchid Run is located at 10991 Lost Lake Drive in ... The post Cardone Capital Pays $89.9M for 282-Unit Naples Multifamily Community appeared first on Connect CRE.

Broward County has submitted plans that could transform the 154-acre area surrounding the Florida Panthers’ home into a massive 24/7 mixed-use destination in Sunrise. The Panthers say they’re in the early stages of discussions with Broward County and Sunrise. A Sunrise City Commission will consider the proposal next week. The proposal could include 1,400 apartments, ... The post Florida Panthers, Broward County Exploring Entertainment District appeared first on Connect CRE.

Trinity Investments sold the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton (shown) and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc. Trinity acquired the resort in December 2018 for $870 million, with financial backing from Elliott Investment Management. Trinity asserts the sale represents the largest ... The post Ryman Acquires Orlando Resorts for Record $1.38B appeared first on Connect CRE.

Delray Beach-based Redfearn Capital has partnered with private equity giant TPG to acquire a 53-building industrial portfolio in seven states for $628 million. DRA Advisors was the seller. The Portfolio comprises approximately 5.4 million square feet of distribution, logistics and manufacturing facilities across Florida, Georgia, North Carolina, Tennessee, Minnesota, Illinois and Oregon. Approximately 75 percent ... The post Delray Beach-Based Redfearn Capital, TPG Pay $628M for 53-Building Industrial Portfolio appeared first on Connect CRE.

Adam America Real Estate and Stellar Communities successfully refinanced the Havens at Hickory Tree Reserve, a newly completed 134-townhome build-to-rent community in St. Cloud, Florida. The joint venture secured a $35.1 million bridge loan from CoreVest American Finance Lender, LLC (“CoreVest”), replacing the project’s construction financing following completion of the community earlier this year. Aaron Appel, ... The post Adam America, Stellar Close Refi on 134-Unit St. Cloud BTR Community appeared first on Connect CRE.

Woodfield Development opened the doors to Tides at Palm Bay, a 318-unit, $100 million luxury apartment community in Palm Bay, Florida. Located at 2485 Port Malabar Blvd. NE Palm Bay, it features apartments in two five-story buildings & townhomes, alongside 19,000 square feet of commercial space. The development includes studio, one-, two-, and three-bedroom units, with rents ... The post Woodfield Delivers 318-Unit Palm Bay Rental Community appeared first on Connect CRE.

APREA and JSB Capital Group closed on a $202 million construction financing package with Bayview Commercial Mortgage Finance (BCMF) on The Avenue. The funding includes includes $109 million of C-PACE financing and a $93 million traditional construction loan. The milestone kickstarts construction of the mixed-use development near downtown Naples. The Avenue will include for-sale residences ... The post JV Lands $202M Construction Financing for Naples Mixed-Use Venture appeared first on Connect CRE.