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: North Miami Beach development site assembled for $14M

May 20, 2022

A developer assembled a North Miami Beach development site for $14.12 million, with plans to build a 28-story apartment project. In the bigger deal, NMBPlace LLC, managed by Victor F. Dante in North Miami Beach, sold the 1.59-acre site at 1959 N.E. 164th St. for $12.9 million to NMB Place Owner, in care of Baltimore, Maryland-based JSB Capital Group. The same entity paid $1.22 million to TFH Group, managed by Dante and Fena M. Brooks, for the 9,283-square-foot site at[...]

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CLIENT NEWS: Aimco Says Construction Will Begin In 2023 On 1M SF Mixed-Use Edgewater Project

May 19, 2022

A major project is expected to begin construction in Edgewater in 2023, developer Aimco told investors. The construction start date was revealed last week in the company’s first quarter financial results. Aimco has a 20% stake in the project, and will serve as the project’s development manager. The company said it contributed an eighth of an acre of land purchased for $1.7 million in January 2022 to the joint venture. The new project will serve as the gateway to Aimco’s[...]

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CLIENT NEWS: At Overtown’s Massive Block 55, First Elevated Deck Concrete Pour Completed

May 19, 2022

The first elevated floor at Overtown’s giant Block 55 has been poured, according to contractor Coastal Construction. The pour required 400 cubic yards of concrete and was completed last week, Coastal said. Block 55 will include: 578 affordable apartments for seniors 250,000 square feet of retail space 1,050 parking spaces 1,400 square foot police substation Tenants will include Target (with a Starbucks and CVS inside), an Aldi grocery, Burlington department store, and Ross Dress for Less. Published on May 17,[...]

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CLIENT NEWS: To expand the UDB, developer needs Miami-Dade to change county policy on flood risks

May 19, 2022

To build an 800-acre industrial complex on farmland near Biscayne Bay, Miami-Dade County first must loosen its rules on expanding development into areas endangered by coastal flooding. The policy shift is one of several rule changes requested by the developers behind the South Dade Logistics and Technology District, a commercial project that would go up on agricultural land south of the Florida Turnpike and north of Moody Drive at Southwest 268th Street. Currently tree farms and cropland, the rectangular area[...]

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CLIENT NEWS: Soil Testing Underway At Downtown Miami Property Where Thousands Of Residential Units Planned

May 17, 2022

Soil testing appears to now be underway at the former Miami Arena site, according to a tweet by Kyle Merville. The biggest residential project in downtown Miami’s history is now moving through the approval process for the property. Developer Witkoff Group submitted preliminary plans to Miami-Dade in January for a development on the site with: 2,351 residential units Up to 540,000 square feet of office space 49,999 square feet of retail space 2,457 parking spaces There would be a total of[...]

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