Florida

JLL Secures $19M Mezzanine Loan for Multifamily Development in Tampa

by John Nelson February 18, 2026

TAMPA, FLA. — JLL has secured a $19 million mezzanine loan for the construction of River Vista, a 268-unit workforce housing development located at 4504 Clewis Ave. in Tampa. Brian Gaswirth and Michael Romero of JLL arranged the financing through a credit venture of Crow Holdings Capital on behalf of the borrower, Vista Residential Partners. River Vista will offer a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size. Amenities will include nature trails, overlooks of the Hillsborough River, multiple club rooms, coworking spaces, a fitness center, pet spa and a dog park. The construction timeline and additional financing details were not disclosed.

February 18, 2026

Development Florida Mixed-Use Multifamily Southeast Top Stories

El-Ad National Properties Tops Off $1B District in Davie Mixed-Use Project Near Miami

by Kristin Harlow February 18, 2026

DAVIE, FLA. — El-Ad National Properties has topped off construction of The District in Davie, a $1 billion mixed-use project located about 24 miles north of Miami. The topping off marks the structural completion of Phase I, including the entry promenade and service access roadways, of the 2.8 million-square-foot development. Phase I is anticipated for completion in early 2027. When fully built out across three phases, The District in Davie will feature five residential towers ranging from 21 to 24 stories with 1,292 rental units, 36,000 square feet of restaurant and retail space and 1.1 million square feet of access-controlled parking with 2,650 spaces. Each tower will offer studio, one-, two- and three-bedroom units that will range in size from 589 to 1,460 square feet. Residences will feature high-speed internet, smart thermostats and keyless entry, as well as private terraces on each floor. Amenities will include rooftop pools, coworking spaces, pet parks, children’s play suites, 24-hour fitness and spa treatment rooms, outdoor kitchens, game lounges and a reservable sky lounge for indoor and outdoor entertaining. Atlanta-based architecture firm Cooper Carry is designing the project. Promethean Builders LLC is serving as general contractor. Situated in central Broward County, Davie is one …

February 18, 2026

Development Florida Industrial Southeast

Foundry, Wheelock Street Capital Break Ground on 485,000 SF Logistics Park in Pompano Beach, Florida

by John Nelson February 17, 2026

POMPANO BEACH, FLA. — Foundry Commercial, in partnership with Wheelock Street Capital, has broken ground on Festival Logistics Park, a 485,000-square-foot industrial complex located at 2900 W. Sample Road in Pompano Beach. Foundry Commercial and Wheelock Street Capital originally purchased the former Festival Flea Market site for $66 million in September 2025, according to multiple media outlets. Situated on 25 acres, Festival Logistics Park will span three buildings and will include 32- to 36-foot clear heights, flexible configurations and modern industrial features that accommodate various logistics, distribution and light-manufacturing users. The project is expected to be delivered in the fourth quarter. Nick Wigoda, Steve Medwin and Eli Havlik of Stream Realty Partners will handle leasing on behalf of the ownership team.

February 17, 2026

Acquisitions Florida Industrial Southeast

Cabot Properties Acquires Two Logistics Portfolios in Florida Totaling More than 1.3 MSF

by Abby Cox February 13, 2026

PALM BEACH COUNTY, FLA. — Cabot Properties has acquired two logistics portfolios totaling 1.3 million square feet in Florida. The portfolios include the McCoy Logistics Center in Orlando, and a three-building logistics property in Palm Beach County. The seller and sales price were not disclosed. Spanning three buildings, the McCoy Logistics Center consists of two rear-load properties and one cross-dock facility totaling 837,115 square feet. Built between 2022 and 2023, the buildings feature dock-level loading, an average 34-foot clear height, 185-foot truck court depths, ESFR sprinkler systems, LED lighting and 555 car parking spaces. The Palm Beach County portfolio spans three rear-load distribution facilities that total 450,505 square feet. The fully leased buildings were built between 2021 and 2023 and include 32-foot clear heights, dock- and grade-level loading, ESFR sprinkler systems, LED lighting and 115- to 185-foot truck court depths.

February 13, 2026

Affordable Housing Development Florida Southeast

Related Urban, Tampa Housing Authority to Open 384-Unit Affordable Housing Community

by Abby Cox February 13, 2026

TAMPA, FLA. — Related Urban Development Group and the Tampa Housing Authority will host a ribbon cutting ceremony on Thursday, Feb. 19, for Canopy at West River, a new 384-unit affordable housing community in Tampa. Delivered in two phases, the community spans four towers and offers a mix of one-, two-, three- and four-bedroom floorplans. Amenities at the complex include a community room with a kitchenette; game room with a TV; business center with computer/internet access; fully equipped fitness centers; smart home technology; electric vehicle (EV) charging stations; and a future NFL Alumni Obstacle Course that “reinforces the development’s focus on active living.” Situated within the larger West River mixed-use development, The Canopy at West River apartments are reserved for residents earning between 22 percent and 80 percent of the area median income (AMI), with long-term affordability supported through a combination of Project-Based Vouchers (PBV), Rental Assistance Demonstration (RAD) programs, National Housing Trust Fund (NHTF) financing and Low-Income Housing Tax Credits (LIHTC).

February 13, 2026

Acquisitions Development Florida Retail Southeast

Franklin Street Brokers $6.4M Sale of Retail Center in Zephyrhills, Florida

by Abby Cox February 13, 2026

ZEPHYRHILLS, FLA. — Franklin Street has brokered the $6.4 million sale of Oakview Plaza, a 47,000-square-foot retail center located in Zephyrhills, roughly 30 miles northeast of Tampa. Justin Walker, Justin Sturdivant and Dylan Morse of Franklin Street represented the seller, South Florida-based Merrimac Ventures, in the transaction. New York-based New Hyde Park Fruit Corp. was the buyer. Originally built in 1990, the center will undergo façade improvements, parking lot enhancements and lighting updates. The property’s Winn-Dixie store is also being redeveloped into an Aldi that will act as co-anchor to Archwell Health, a senior-focused primary care provider. Both stores will operate on new 10-year leases upon opening.

February 13, 2026

Development Florida Retail Southeast

Ardent Receives Civic Approval for Costco-Anchored Redevelopment of Metro Orlando Mall

by John Nelson February 12, 2026

SANFORD, FLA. — The Ardent Cos. has received approval from the City of Sanford, a city in the Orlando MSA, for the redevelopment of Seminole Towne Center, a former shopping mall spanning 1.1 million square feet. The redevelopment includes construction of a new 164,585-square-foot Costco store on the 76-acre site. Taking place of the former Macy’s department store, the Costco location will include a gas station, tire center and liquor store. Ardent plans to begin site work and demolition this summer, with the Costco opening slated for second-quarter 2027. Over the past 12-plus months, the Atlanta-based owner and developer has acquired more than $115 million in six ground-up mixed-use development and redevelopment projects across the Southeast.

February 12, 2026

Development Florida Loans Mixed-Use Southeast

Ocean Bank Provides $70M Construction Loan for Mixed-Use Building in Aventura, Florida

by John Nelson February 12, 2026

AVENTURA, FLA. — Ocean Bank has provided a $70 million construction loan for Central Aventura, a nine-story mixed-use building located at the corner of Biscayne Boulevard and 209th Street in the Miami suburb of Aventura. Jesus Garcia of Ocean Bank originated the loan on behalf of the borrower, an entity doing business as Central Aventura LLC that is led by Jacobo Cababie Dichi. Central Aventura will comprise 75,270 square feet of retail space on the first three levels, four levels of parking and 63,883 square feet of offices on the top two floors. Additionally, the property will feature the first multi-story digital billboard in Aventura. The construction timeline for the project was not released.

February 12, 2026

Acquisitions Florida Office Southeast

Cushman & Wakefield Brokers $34.5M Sale of Two Office Buildings in South Florida

by John Nelson February 10, 2026

DEERFIELD BEACH, FLA. — Cushman & Wakefield has brokered the $34.5 million sale of two office buildings located at 602-668 and 776-858 S. Military Trail in Deerfield Beach, a city in South Florida’s Broward County. The single-story buildings are situated within Deerfield Corporate Park and total 157,510 square feet. The properties, dubbed Building 1 and Building 6, were 87.6 percent leased to 26 tenants at the time of sale. Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar of Cushman & Wakefield represented the seller, an affiliate of New Jersey-based Denholtz doing business as Denholtz Deerfield LLC, in the transaction. A private capital investment group purchased the two buildings. Deerfield Corporate Park was originally built in 1985 and renovated in 2017.

February 10, 2026

Acquisitions Florida Office Retail Southeast

Joint Venture Sells Coconut Grove Office Property in Miami for $61M

by Abby Cox February 9, 2026

MIAMI — A joint venture between locally based Torose Equities and Irvine, Calif.-based Sabal Investment Holdings has sold 3480 Main Highway, a 55,000-square-foot office and retail property located in Miami’s Coconut Grove neighborhood. Miami-based Azora Private purchased the property for $61 million, or $1,100 per square foot. The building is fully leased to food-and-beverage concepts Amal and Level 6, which are located on the ground floor and rooftop, as well as three office tenants. In 2025, an affiliate of CGI Merchant Group lost the office building through a UCC auction over $32.5 million in debt, in which Torose Equities and Sabal purchased the loan, according to South Florida Business Journal.

February 9, 2026

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