Ocean Bank provided $43.3 million in construction financing to Development Alliance for Nexus Leah, a transit-oriented 8-story development with 189 apartments in Hialeah. The 1.14-acre site is located at 1140 East 25th Street, directly adjacent to the southeast corner of the Metrorail to TriRail Transfer Station. Set for completion in early 2028, Nexus Leah offers a fitness center, an ... The post Hialeah Apartment Developer Inks $43.3M Construction Loan appeared first on Connect CRE.

Ascendra Capital and BAM Development are teaming up on a 117-unit condominium venture in Coral Gables. Dwight Mortgage Trust was the lender of the $60 million construction loan. The eight-story project will include a mix of one-, two-, and three-bedroom residences. Planned amenities include a pool, sauna, fitness center, resident lounge, co-working spaces, approximately 2,000 ... The post Developer Duo Lands $60M Financing for Coral Gables Condo Project appeared first on Connect CRE.

Florida Community Loan Fund (FCLF), a nonprofit Community Development Financial Institution (CDFI), announced it will deploy $260 million by 2028 to finance affordable housing and community facility projects that support low-income individuals and communities in Florida.  FCLF will achieve this by generating $125 million in new lending for real estate-related developments that increase opportunities for low-income Florida residents and by closing $135 million ... The post Florida Non-Profit to Deploy $260M for Affordable Housing appeared first on Connect CRE.

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Ardent Companies is redeveloping the Seminole Towne Center in Sanford, Florida, and has confirmed that a new, 164,585-square-foot Costco will be the anchor tenant, replacing the former Macy’s building. This project is a major component of the mall’s transformation, with construction/demolition slated to begin in 2026 and opening expected in 2027. The mall closed in 2025. The Ardent Companies ... The post Ardent Lands Costco, Sparks Seminole Mall Redevelopment appeared first on Connect CRE.

Palm Pavilion Restaurant & Inn in Clearwater sold for $23 million. Beachside Hospitality Group purchased the beachside Palm Pavilion Restaurant, while McKibbon Equities, purchased the Inn. Built in 1926, the Palm Pavilion is recognized as the oldest operating beach pavilion in Florida. The property includes an 11,869-square-foot restaurant and a 12,129-square-foot, 37-unit inn.  The Hamilton ... The post Vintage Beach Resort Trades in Clearwater appeared first on Connect CRE.

Riviera Beach officials have to choose between three developers who all have Riviera Beach developments under their belt. The developers have submitted proposals to build a mixed-use project on a prime Riviera Beach waterfront parcel. The coastal city’s Community Redevelopment Agency (CRA) issued the request for the 90-acre site at 190 E. 13th St. last August. ... The post Three Developers Vying for Riviera Beach Waterfront Project Rights appeared first on Connect CRE.

Stiles acquired 24.45 acres at the southwest corner of State Road 56 and Morris Bridge Road in Wesley Chapel, Florida (photo). The $12.5 million purchase will support development of a new retail project within the River Landing master-planned community. The town is 25 minutes north of Tampa. River Landing is an approximately 800-acre master-planned development ... The post Stiles Buys 25-Acre Parcel for Wesley Chapel Retail Project appeared first on Connect CRE.

Foundry Commercial has closed on Edgewood Park of Commerce (EPOC), a 565,600-square-foot industrial development located on a 41-acre infill site near downtown Orlando. Foundry paid $14.1 million for the site. RandallMade Corp. was the seller. The $95 million project’s groundbreaking is anticipated for the third quarter of 2025. Foundry expects EPOC to deliver in the ... The post Foundry Building $95M Orlando Warehouse Facility appeared first on Connect CRE.

Denholtz sold off a pair of single-story office buildings in Deerfield Corporate Park in Deerfield Beach for $34.5 million. A 70,512-square-foot office at 602 S. Military Trail and another 76,905-square-foot office at 776 S. Military Trail were purchased by Aptos Management. Cushman & Wakefield’s Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar represented the seller in ... The post Denholtz Offloads Deerfield Beach Office Buildings appeared first on Connect CRE.