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CLIENT NEWS: Coral Rock scores $54M construction loan for Live Local Act project in Allapattah

December 30, 2025

Coral Rock Development Group scored a $54 million construction loan for a Live Local Act project in Miami’s Allapattah. Developers across South Florida have seized on the state workforce and affordable housing law by filing a flurry of proposals, but few have advanced their projects to the financing and construction stage. Coral Gables-based Coral Rock plans to start construction in the first quarter on the eight-story, 227-unit Dulce Vida apartment building on a 1.3-acre site at 1785 Northwest 35th Street,[...]

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CLIENT NEWS: MG Developer, Prosper propose 30-story condo on waterfront site

December 30, 2025

MG Developer and Prosper Group filed plans for a 30-story luxury condo tower along the water in North Bay Village. MG Prosper NBV LLC, a partnership between MG Developer, led by Alirio Torrealba, and Prosper Group, led by Jay Roberts, filed an application to Miami-Dade County’s Shoreline Development Review Committee for the 0.98-acre site at 1681 and 1725 N. Bay Causeway. It currently has an 18,758-square-foot office building that was constructed in 1961. The developers purchased the property for $30.9[...]

CLIENT NEWS: Inexpensive short-term rental project in Overtown scores $93M construction loan

December 30, 2025

PMG, Michael Simkins’ Lion Development Group and Alex Karakhanian’s Lndmrk Development scored a $92.5 million construction loan for their short-term-rental friendly condo project in Miami’s Overtown neighborhood. The partners secured financing from New York-based Maxim Capital Group, according to a news release. The loan is for One West Twelve Residences (One W12), the 22-story, 372-unit condo project planned for 105 Northwest Eleventh Terrace. The partners launched sales for One W12 last year, which is 97 percent presold, according to the[...]

INDUSTRY NEWS: Builders Association of South Florida Celebrates Industry Leadership at 2025 Holiday & Awards Celebration

December 11, 2025

December 11, 2025 — The Builders Association of South Florida (BASF) hosted its annual Holiday and Awards Celebration this evening, bringing together industry leaders, elected officials, public-sector partners, and BASF members to honor another exceptional year of collaboration, advocacy, and community impact. The event was led by Master of Ceremonies Jose Felix Diaz, who opened the celebration by recognizing BASF’s commitment to its core mission: ensuring a streamlined permit process, advancing legislative advocacy, and strengthening partnerships across municipal, county, state,[...]

CLIENT NEWS: Developer shrinks resi plans near Naranja, opting for townhomes

December 9, 2025

A developer scaled back his plan for a 500-unit project with mostly apartments near Naranja to a 245 townhome complex, citing higher demand for larger homes. Attorney Gus Deribeaux, through two entities, wants to develop the townhomes on a 17.3-acre mostly vacant site on the southwest corner of Old Dixie Highway and Southwest 280th Street in unincorporated Miami-Dade County, according to an application filed to the county late last month. The site consists of the vacant lots at 28030 and[...]

CLIENT NEWS: D.R. Horton’s south Miami-Dade blitz to bring Florida City townhomes

December 9, 2025

D.R. Horton proposed a 108-townhome complex in Florida City, as it rushes to build in south Miami-Dade County. Texas-based D.R. Horton slated the project for a 7.2-acre site at 530 Southwest Third Avenue, 354 Southwest Seventh Street and two adjacent lots, according to the developer’s application filed to Miami-Dade County late last month. The homebuilder is under contract to purchase the four-lot property at an undisclosed price, the application says. The Torcise family, longtime farmers in the Florida City area,[...]