Tuesday, December 2, 2025
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DevelopmentFloridaMultifamilySoutheast

Resia Opens 420-Unit Apartment Community in Miami

by John Nelson

MIAMI — Resia has opened Resia Golden Glades, a 420-unit apartment community located at 15955 N.W. 6th Ave. in Miami. The property features prefabricated bathrooms and kitchens with full electrical and plumbing that Resia developed off-site at its manufacturing facility in Fairburn, Ga. Situated on Miami’s northern end, Resia Golden Glades offers a mix of one-, two- and three-bedroom units with private balconies or patios. Monthly rental rates range from $2,115 to $3,905, according to Apartments.com. Amenities include a 24/7 fitness center, swimming pool, clubhouse, playground, an onsite management team, coworking spaces, EV charging stations, a mini market and a 705-car parking garage.

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AcquisitionsFloridaRetailSoutheast

Cushman & Wakefield Brokers Sale of Publix-Anchored Shopping Center in Lakeland, Florida

by John Nelson

LAKELAND, FLA. — Cushman & Wakefield has brokered the sale of Grove Park Shopping Center, a 120,150-square-foot, Publix-anchored retail center located at 1617 U.S. Highway 98 in Lakeland. A private entity tied to Daniel Halberstein purchased the center for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield’s Retail Investment Advisors represented the seller, Longpoint Partners, in the transaction. Grove Park was originally developed in 1960 by George Jenkins, the founder of Publix Super Markets. The property, which was fully renovated in 2019, was 100 percent leased at the time of sale to tenants including CVS, Dollar Tree and Humanitary Medical Center.

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DevelopmentFloridaMixed-UseOfficeSoutheast

BH Group, PEBB Enterprises Secure $89.9M Financing for Mixed-Use Redevelopment in Boca Raton

by John Nelson

BOCA RATON, FLA. — BH Group and PEBB Enterprises have secured $89.9 million in financing for The Eclipse, a 29-acre mixed-use redevelopment in Boca Raton. City National Bank and Abanca provided the new financing, which grew the loan proceeds for the construction financing from $47 million to nearly $90 million. BH Group and PEBB are partnering on the office and retail components of The Eclipse. The companies are also co-developing the 500-unit residential component in partnership with Related Group. The redevelopment includes a Class A overhaul of the project’s existing 405,000 square feet of office space across two buildings, which were formerly the corporate headquarters for retailer Office Depot. Notable office tenants include Atlantic | Pacific Cos., Kanner & Pintaluga, MN8 Energy and ODP Corp. The Eclipse also includes two ground-up retail and restaurant outparcel buildings totaling approximately 21,500 square feet, as well as a nearly 37,000-square-foot Equinox gym.

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DevelopmentFloridaRetailSoutheast

SJC Ventures Breaks Ground on Whole Foods-Anchored Shopping Center in Wesley Chapel, Florida

by John Nelson

WESLEY CHAPEL, FLA. — SJC Ventures has broken ground on Wesley Chapel Station, a 75,968-square-foot shopping center in metro Tampa. A 35,518-square-foot Whole Foods Market will anchor the center, which will be located at the corner of Bruce B Downs and Aronwood boulevards. Other committed tenants include PopUp Bagels, CAVA, Naked Farmer, Petfolk, The Tox and a nail salon. The center has approximately 15,000 square feet of available vacancy, according to SJC Ventures. Adjacent to the shopping center, the Atlanta-based firm is underway on an 85,000-square-foot Life Time Fitness club. The developer expects to open the first stores at Wesley Chapel Station in second-quarter 2027.

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DevelopmentFloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Torburn Signs Whole Foods to Anchor Mixed-Use Redevelopment of Sarasota Square Mall

by John Nelson

SARASOTA, FLA. — Torburn Partners has announced plans for Sarasota Square, the redevelopment of the former Sarasota Square Mall. The Chicago-based developer signed leases with Whole Foods Market and HomeSense to anchor the first phase of the 96-acre mixed-use project. The retail portion is under construction, and the multifamily component will break ground in first-quarter 2026. Full plans for Sarasota Square include 1,200 luxury residential units; 530,000 square feet of retail, restaurant, and commercial space; and open-air gathering space for social events and community programming. Whole Foods will occupy a 35,828-square-foot grocery store, and HomeSense will occupy a 24,214-square-foot store. Other committed tenants include Chipotle Mexican Grill, CAVA Mediterranean, Joe & The Juice and Charles Schwab, which will open a 5,163-square-foot bank branch. Rod Castan and Alyona Tsutskova of Metro Commercial Real Estate are leading the retail leasing assignment at Sarasota Square on behalf of Torburn Partners.

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AcquisitionsFloridaIndustrialSoutheast

Viking Partners, Decker Capital Purchase Industrial Portfolio in Jacksonville for $26.5M

by John Nelson

JACKSONVILLE, FLA. — A joint venture between Cincinnati-based Viking Partners and Decker Capital has acquired an eight-building industrial portfolio in Jacksonville for $26.5 million. The multi-tenant portfolio spans 198,360 square feet and is situated in the city’s Southside industrial submarket near the Port of Jacksonville. The portfolio was roughly 90 percent leased at the time of sale and represents Viking’s second industrial acquisition in Florida this year.

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AcquisitionsFloridaRestaurantRetailSoutheast

SRS Brokers $4.6M Sale of New Restaurant Property in South Florida Leased to Starbucks

by John Nelson

POMPANO BEACH, FLA. — SRS Real Estate Partners has brokered the $4.6 million sale of a newly built restaurant in Pompano Beach leased to Starbucks Coffee. The South Florida restaurant was built in 2025 at 3895 N. Federal Highway, about 12 miles north of Fort Lauderdale, Fla. Starbucks operates the 2,734-square-foot restaurant, which features a drive-thru, on a 10-year lease term with scheduled rent increases and extension options. Patrick Nutt and William Wamble of SRS represented the seller, a South Florida-based partnership, in the transaction. The buyer was a private investor based in Boston. Both parties requested anonymity.

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Parks at Delray Skye
FloridaLoansMultifamilySoutheast

13th Floor, Key International Break Ground on 327-Unit Skye Apartment Community in Delray Beach, Florida

by Abby Cox

DELRAY BEACH, FLA. — 13th Floor Investments and Key International have broken ground on Skye, a 327-unit apartment community located in Delray Beach, approximately eight miles north of Boca Raton, Fla. CIBC Bank USA is providing a $79.2 million construction loan to finance the project. The Skye apartment complex is the second residential phase of the 50-acre Parks at Delray mixed-use development, following the debut of Savio, a 420-unit apartment complex. Skye is slated for completion in 2027. Designed by MSA Architects, Skye will offer studios, one-, two- and three-bedroom floorplans ranging in size from 560 to 1,410 square feet, as well as three-bedroom townhome options spanning up to 1,770 square feet. Amenities at the complex will include a beach-entry swimming pool with cabanas and a pool bar, parks with jogging trails and outdoor BBQs and an outdoor “tot lot” and children’s playroom. Additional amenities include a 24-7 fitness center, yoga room, dog park, coworking spaces with a business center, lounge, social club room with a kitchen and a bar. Residents also have access to package rooms, select garages, covered parking and complimentary Wi-Fi in common areas.

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DevelopmentFloridaRetailSoutheast

GBT Realty to Develop Sprouts-Anchored Shopping Center in New Smyrna Beach, Florida

by Abby Cox

NEW SMYRNA BEACH, FLA. — GBT Realty Corp. has unveiled plans to develop Shops at New Smyrna, a 55,273-square-foot, grocery-anchored neighborhood shopping center located in New Smyrna Beach. Construction of the project is scheduled to begin in summer 2026, with completion set for summer 2027. A 23,273-square-foot Sprouts Farmers Market will anchor the development, which will also feature an additional 35,000 square feet of junior anchor and inline retail space across two buildings, as well as two one-acre outparcels. The tenant roster is expected to include fitness and restaurant users and soft goods services, among others.

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The Learning Experience
AcquisitionsFloridaRetailSoutheast

SRS Brokers $5.4M Sale of Retail Property in Suburban Orlando Leased to The Learning Experience

by Abby Cox

DAVENPORT, FLA. — SRS Real Estate Partners has brokered the $5.4 million sale of a single-tenant retail property located in Davenport, roughly 25 miles southwest of Orlando. The Learning Experience, an early childhood education and childcare center, occupies the 10,000-square-foot building on a 20-year lease with 19 years remaining. The building also features a 5,000-square-foot outdoor play area. Built in 2024, the single-tenant property is situated within a larger retail development along U.S. Highway 27. William Wamble and Patrick Nutt of SRS Capital Markets represented the seller, a national commercial real estate investment and development company, in the transaction. The buyer was a Central Florida-based private investor. Both parties requested anonymity.

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