HIALEAH, FLA. — A partnership between Prestige Cos. and Brunetti Organization has completed Flamingo Village, a 341-unit apartment community located at 2200 E. Fourth Ave. within the 200-acre Hialeah Park Race Track & Casino campus. The community is situated on 13 acres and represents the largest development on the site since the casino opened in 2013. Brunneti is the master developer of Hialeah Park, which is located about 11.5 miles northwest of Miami. Centennial Bank provided a $60.7 million construction loan to the co-developers for Flamingo Village, which features floorplans ranging in size from 890 to 1,375 square feet in garden-style and townhome layouts. Monthly rental rates range from $2,600 to $3,375, according to Apartments.com. Amenities include two clubhouses, swimming pools, wide landscaped walkways, a fitness center with a yoga and meditation studio, business center, pet play area, a park and tanning deck. Flamingo Village is situated within walking distance of the Hialeah Metrorail station.
MIAMI — The University of Miami has signed a 42,000-square-foot office lease at Building 1300 at Flagler Station in Miami. The university signed a 10-year lease for the space, and will occupy nearly one-third of the building for its healthcare system (UHealth) offices. The long-term lease deal also includes building-top signage for the university, which will elevate visibility for the brand. The University of Miami is expected to move into its new space in the second quarter of 2026. Building 1300 at Flagler Station spans four stories and features flexible floor plates and amenities including a fitness center, outdoor seating area and a meeting room. Hamilton Development originally acquired Building 1300 earlier this year as part of its acquisition of a 24.4-acre site at Flagler Station. Cameron Tallon of CBRE represented Hamilton Development in the lease negotiations.
TAMPA, FLA. — A joint venture between Enverra Real Estate Partners and a New York City-based family office has acquired 1 North Dale Mabry, a 13-story, 260,000-square-foot office tower in the Westshore submarket of Tampa. The seller and sales price were not disclosed, but Business Observer Florida reports that Bridge Investment sold the property in a short-sale for $40 million, roughly five years after acquiring the property for $56.5 million. The office property offers floor-to-ceiling windows, a fitness center, conference facility and a renovated lobby. Additionally, 1 North Dale Mabry is home to various tenants such as Travelers Insurance, Marsh & McLennan Agency, Rissman Law Firm, Ideal Image and PCL Construction. Atlanta-based Enverra plans to invest $4 million to elevate the property with a coffee bar, landscaped outdoor terrace and upgrades to the current fitness center, conference facilities and other common areas.
PANAMA CITY BEACH, FLA. — The St. Joe Co. will develop a new Publix grocery store at Watersound West Bay Center, a lifestyle shopping center under construction in Panama City Beach. The new Publix is expected to comprise 50,000 square feet and will feature a pharmacy, deli and bakery, as well as an adjacent Publix Liquors store. Plans will also include an additional 11,000 square feet of inline retail space. Upon completion, Watersound West Bay Center will serve the neighboring Latitude Margaritaville Watersound community, which will have a total of 3,500 homes in Phase I. The shopping center will total 500,000 square feet of retail, dining and commercial space in an open-air layout. St. Joe Co. is nearing completion on an 18,000-square-foot, standalone retail building within Watersound West Bay Center that will have spaces available for lease in early 2026.
CLEARWATER, FLA. — Benderson Development has purchased Clearwater Shoppes, a 216,692-square-foot shopping center located at 27001 U.S. Highway 19 N in Clearwater, a Tampa suburb in Pinellas County. Seritage Growth Properties, the retail REIT spun off from Sears Holdings, sold the shopping center to Benderson for an undisclosed price. Danny Finkle, Jorge Portela, Kim Flores and Evan Lahr of JLL represented the seller in the transaction. Situated on 14.5 acres adjacent to the 1.3 million-square-foot Countryside Mall, the shopping center’s tenant roster includes Whole Foods Market, Target and Nordstrom Rack.
NICEVILLE, FLA. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin, Fla. Built in 2015, the community was more than 95 percent occupied at the time of sale. Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership.
ELMSFORD AND NEW YORK CITY, N.Y. — DLC, in partnership with a fund managed by DRA Advisors, has acquired a multi-state shopping center portfolio in an off-market transaction for $429 million. Totaling 2.1 million square feet, the portfolio comprises eight shopping centers across five states. The seller was not disclosed. The properties include Central Texas Marketplace in Waco, Texas; Portofino Shopping Center in the Houston suburb of Shenandoah; Watauga Pavilion in the Dallas suburb of Watauga; Shops at Park Place in Plano, Texas; Pavilion at King’s Grant in the northeast Charlotte suburb of Concord, N.C.; International Speedway Square in Daytona Beach, Fla.; Peoria Square in Glendale, Ariz.; and Belle Isle Station in Oklahoma City, Okla. The portfolio was 91.3 percent leased at the time of sale. Long-term tenants across the portfolio include Nordstrom Rack, REI, T.J. Maxx, Ross Dress for Less, Dick’s Sporting Goods, HomeGoods, Marshalls, Total Wine & More and Ulta Beauty. This portfolio marks DLC’s first retail acquisitions in Phoenix and Oklahoma and expands the company’s existing presence in Texas and Florida. In October, DLC and DRA Advisors purchased a $625 million retail portfolio on the West Coast. The two organizations have now completed more than $1.7 billion of …
PLANTATION, FLA. — Core Investment Management has acquired Jacaranda Plaza, a 175,084-square-foot shopping center located at the intersection of West Sunrise Boulevard and North University Drive in Plantation. The South Florida property was nearly 98 percent leased at the time of sale to tenants including Publix, Ross Dress for Less, Five Below, Planet Fitness and Dollar Tree. Publix has anchored the center for 25 years, according to JLL. Danny Finkle, Jorge Portela and Evan Lahr of JLL represented the buyer in the transaction. Chris Drew, Brian Gaswirth and Luke Maganas of JLL arranged an undisclosed amount of acquisition financing on behalf of Core.
MIAMI — Miami-Dade County and Related Urban Development Group, the affordable and workforce housing arm of Related Group, have broken ground on The Residences Palm Court, a 316-unit mixed-income and intergenerational housing community in Miami. Home Investment Partnerships Program (HOME) will provide $3.5 million in funding for the redevelopment project. Completion is expected by the end of 2027. Of the total 316 apartments at The Residences Palm Court, 191 will be reserved for elderly residents, while the remaining units will be reserved for low-income and workforce residents. Community amenities will include a fitness center, coworking spaces, multipurpose room, computer lounge, walking paths, bike storage, on-floor laundry stations and a dog park. The property will also include the Jesse Trice Community Health Center onsite that will be available for resident use.
TAMPA, FLA. — Atlanta-based development firms Brook Farm Group and Carter will co-develop Prospect Highland Oaks, a new 324-unit, garden-style apartment community located at 4502 N. Falkenburg Road in Tampa. The development will span four buildings and will include a detached clubhouse, resort-style saltwater swimming pool with lounge seating, coworking spaces, 24-hour fitness center, dog park and outdoor grilling and seating areas. The project team includes Mill Green Capital and Fundrise (equity partners), Ameris Bank (construction lender), general contractor Oxford Properties and project architect Preston Partnership. A timeline for construction was not disclosed.
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