NORTH MIAMI, FLA. — A joint venture between affiliates of Cantor Fitzgerald Asset Management (CFAM), the investment and asset management division of Cantor Fitzgerald, and RPM Living, have acquired Biscayne Shores, a 380-unit waterfront multifamily community located in North Miami. Miami-based Integra Investments, in partnership with Andrew Korge of Korgeous Group and David Larson of DCL Capital, developed the property in 2024. The purchase price was $151 million, according to various media outlets. Spanning 8.2 acres, the 15-story tower comprises 288 apartments and 92 townhomes ranging in configuration from studios to three-bedroom units. Biscayne Shores also offers approximately 15,000 square feet of amenity space that includes a fitness center, swimming pool, children’s playroom and a rooftop terrace.
TAMPA, FLA. — Aventon Cos. has broken ground on Aventon Eva, a 270-unit multifamily development located at the intersection of Little and Decubellis roads in Tampa. The developer will begin leasing the three-story, garden-style complex in July 2027. Aventon Eva will offer one-, two- and three-bedroom floorplans, as well as a resort-style swimming pool, clubhouse with dedicated remote workspace, pet spa and a 24/7 fitness center. The property marks Aventon’s third ground-up community in the Tampa Bay region. The project team includes Cormia Design (architect) and Studio 5 Interiors (interior designer).
SARASOTA, FLA. — Torburn Partners, a real estate development and investment firm based in Chicago, and leasing and placemaking partner Jamestown are moving forward with Sarasota Square, a mixed-use redevelopment of the former Sarasota Square Mall. The mixed-use development spans nearly 100 acres at the corner of South Tamiami Trail and Beneva Road in Sarasota. Sarasota Square Mall originally opened in September 1977 and closed in December 2024. Phase I of the project, which is expected to be delivered in the first quarter of 2027, will introduce approximately 90,000 square feet of daily-needs tenants, such as Whole Foods Market, HomeSense, Charles Schwab, CAVA, Joe & the Juice and Chipotle Mexican Grill. Most recently, Warby Parker signed a 2,040-square-foot lease, bringing the first phase to 88 percent preleased. Additional leasing and development announcements will be shared as the project progresses. Jamestown, an Atlanta-based development and management firm that specializes in placemaking for retail and mixed-use environments, has begun leasing negotiations for Phase II. “With Phase II, we’re targeting operators that deliver a sense of discovery and a unique point of view,” says Adam Schwegman, head of retail leasing at Jamestown. “The early response from prospective tenants has been incredibly strong, reinforcing …
LONGWOOD, FLA. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot, Publix-anchored shopping center located at 3857 Wekiva Springs Road in Longwood, roughly 15 miles north of Orlando. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Shoppes of Sweetwater Inc., in the transaction. Washington, D.C.-based Graphite Real Estate was the buyer. The sales price was not released. Shoppes of Sweetwater, which was 94 percent leased at the time of sale, features a mix of tenants such as CVS, The Hummus Corner, Li’s Garden Chinese Restaurant, Aca-Pulquito Cocina Mexicana, Sassy Nails, State Farm Insurance, Duvall Dance Academy, Supercuts, Leslie’s Pool Supplies and Sweetwater Yoga & Fitness. The sale also included an outparcel leased to McDonald’s, as well as an undeveloped 0.6-acre parcel. Graphite Real Estate has retained John Crossman of CrossMarc Services to handle leasing for the center. Crossman was the leasing agent responsible for bringing Publix to the center in 2002, according to Cushman & Wakefield.
DAYTONA BEACH, FLA. — Walker & Dunlop has provided a $53.7 million Freddie Mac loan for the refinancing of OnShore, a 636-bed student housing community located near Embry-Riddle Aeronautical University in Daytona Beach. Delivered in 2020, the community offers 210 units alongside shared amenities including a fitness center, study areas, an infinity pool and a flight simulator. Will Baker, Mike Shropshire, William Shell and Doug McDaniel of Walker & Dunlop originated the seven-year, floating-rate loan with a four-year interest-only period on behalf of the borrower, a partnership between L3 Campus and Aureon Partners. Austin Kinn of TSB Capital Advisors also consulted on the transaction on behalf of the borrower.
PALM BAY, FLA. — Berkadia has secured a $37 million construction bridge loan to finance Astor Pointe, a 171-unit, garden-style multifamily community underway at 3400 Wedgewood Drive NE in Palm Bay. Scott Wadler, Patrick Johnson, Mitch Sinberg, Matt Robbins and Brad Williamson of Berkadia arranged the 24-month loan through RMWC on behalf of the borrower, Miami-based Midtown Capital Partners. The developer will use proceeds of the floating-rate loan to retire the existing construction debt and fund remaining completion costs as Astor Pointe delivers and stabilizes. The waterfront property will feature a mix of one-, two- and three-bedroom residences averaging approximately 870 square feet in size. Amenities will include a resort-style pool, clubhouse, fitness center, outdoor entertainment areas, dog park and spa, game room and a coffee bar.
ORANGE PARK, FLA. — Cushman & Wakefield has brokered the sale of Bolton Plaza, a 174,037-square-foot power retail center in Orange Park, about 20 miles south of Jacksonville. A privately held investment firm purchased the center from KPR Centers for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield’s Retail Advisory Group represented the seller in the transaction. Bolton Plaza was fully leased at the time of sale to tenants including Aldi, Academy Sports + Outdoors, LA Fitness and Marshalls.
HOLLYWOOD, FLA. — JLL has arranged the $600 million refinancing of The Diplomat Beach Resort, a 1,000-room hospitality development located in the South Florida city of Hollywood near Fort Lauderdale/Hollywood International Airport. Kevin Davis, Mike Huth, Wyatt Krapf, Jade Lewin and Malia Buljat of JLL’s Hotels & Hospitality team arranged the floating-rate loan through JP Morgan Chase & Co. and Citibank on behalf of the borrower, a joint venture between real estate funds managed by Trinity Investments and UBS Asset Management’s Global Real Assets business. The refinancing follows a comprehensive $80 million renovation program completed by Hilton Worldwide and the ownership group to convert the property to the Signia by Hilton brand. The Diplomat Beach Resort consists of a twin-spired, 36-story tower containing hotel rooms and suites, a 15,000-square-foot spa, six restaurants and bars, multiple pools and waterfalls and approximately 200,000 square feet of integrated meeting and event space. Additionally, the property is situated on 10 acres of Atlantic Ocean beachfront that offers kayaking, paddleboarding and jet ski rentals.
NORTH MIAMI, FLA. — Dwight Capital has provided a $130 million HUD 223(f) loan for the refinancing of The Gardens Residences, a 358-unity luxury apartment building located in downtown North Miami. Keith Hoffman and Aaron Kirshtein of Dwight Capital originated the 35-year, fixed-rate loan on behalf of the borrowers, Sebastien Scemla, John Lago and Shawn Chemtov of Omega Real Estate Management Group. The loan proceeds will be used to retire an existing Dwight Mortgage Trust bridge loan, return equity to the borrower and provide a fully amortizing mortgage. This transaction marks the largest HUD loan ever closed in the state and the largest multifamily loan approved by HUD’s Southeast regional office, according to Dwight Capital. Completed in 2024, the nine-story apartment complex houses studio, one-, two- and three-bedroom units that are reserved for renters earning between 80 and 120 percent of the area median income (AMI). The Gardens Residences features a mix of amenities including a swimming pool and spa, fitness center, yoga lawn, pet spa, grilling area and lounges.
THE VILLAGES, FLA. — Benderson Development, in a collaboration with The Villages, has announced plans to develop Legacy Place, a 700-acre mixed-use development in Central Florida. The project will be situated along three miles of Florida’s Turnpike near County Road 470 and Central Parkway and serve as the southern gateway to The Villages master-planned community. A new 25-acre hospital operated by Florida-based AdventHealth will anchor Legacy Place, serving communities across Sumter, Lake and Marion counties, including residents within The Villages. Construction on the 80-bed hospital, which will have emergency and surgical services, is expected to begin in 2027, with an opening projected in 2030. The Wildwood–The Villages metropolitan area has been among the fastest-growing in the country, with population rising by nearly 20 percent over the past four years. “This region is growing quickly, and that kind of growth brings both opportunity and responsibility,” says Rob Deininger, CEO of AdventHealth’s East Florida division. “We’re planning for what families will need not just today, but years from now, making sure the medical infrastructure keeps pace. This will strengthen how people receive care across the region, helping connect care and reduce the need for travel.” At full build-out, Legacy Place will feature 3 …
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