Tuesday, February 3, 2026
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Society Orlando
FloridaLoansMixed-UseRetailSoutheast

PMG, Raven Capital Secure $120M Construction Loan for Society Orlando Mixed-Use Tower

by Julia Sanders

ORLANDO, FLA. — Property Markets Group (PMG) and Raven Capital Management has secured a $120 million construction loan for the development of Society Orlando, a 26-story multifamily and retail project located at 434 N Orange Ave. in downtown Orlando. Chris Peck and Mark Fisher of JLL arranged the loan through a fund managed by Los Angeles-based CIM Group. PMG was represented internally by Lowell Plotkin, Andrew Warman, Jonathan Blank and Randy Marble. The loan will provide financing for the first phase of the development, which broke ground in 2020. Slated for completion in 2023, Society Orlando’s first phase will include 462 apartments and 33,000 square feet of ground-floor commercial space. Society Orlando will offer a blend of traditional units as well as co-living options. With over 100,000 square feet of amenity space, the community amenities will include a pool deck, coworking lab, gym and fitness studio, entertainment lounges, yoga lawn, craft food and beverage operations, smart package lockers and app-based keys. Society Orlando is part of the Society Living brand, which focuses on primarily market-rate apartments along with making co-living apartments better by making it easier to find good roommates, splitting up the bills and eliminating shared bathrooms. Other Society …

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Oasis Grand II
AcquisitionsFloridaMultifamilySoutheast

Westside Capital Group Purchases Residential Tower in Downtown Fort Myers for $71M

by Julia Sanders

FORT MYERS, FLA. — Westside Capital Group, a Miami-based real estate investment firm, has purchased Oasis Grand II, a 32-story residential tower located in downtown Fort Myers. Westside acquired the property in an off-market transaction for $71 million, or approximately $268,000 per unit. Geosam, a Canadian-based developer, was the seller. Originally built by Related Group as a condominium in 2008, the Oasis Grand II features studio, one- and two-bedroom units ranging from 629 square feet to 1,700 square feet. The property also includes several two-story, three-bedroom waterfront townhomes with up to 1,800 square feet of space. Located at 3040 Oasis Grand Blvd., the property is situated on a 1.3-acre site along the Caloosahatchee River. The tower was 98 percent occupied at the time of the sale. Westside Capital will invest in improvements to the property, including enhancements to amenities, common areas and individual apartments. Community amenities include gated-entry; a fitness center; clubhouse and social lounge with wet bar, TV and Wi-Fi; a private boat launch ramp; gated pet run; library; a pool deck with poolside cabanas and lounges; private barbecue and picnic areas; and men’s and women’s spa facilities with saunas and showers. As part of the purchase, Westside Capital …

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Industrial
FloridaIndustrialLoansSoutheast

Phillips Realty Capital Secures $57.5M Loan for Industrial Portfolio in Metro Miami, Tampa

by Julia Sanders

HIALEAH AND TAMPA, FLA. — Washington, D.C.-based Phillips Realty Capital has secured a $57.5 million bridge loan for HighBrook Investors, which is acquiring and repositioning a four-property, 740,400-square-foot industrial portfolio located near Miami and in Tampa. The portfolio includes three buildings in metro Miami and one in Tampa. The metro Miami properties were delivered between 1959 and 1968, and the Tampa warehouse was built in 1987. The Miami-area properties include three industrial warehouses totaling 306,000 square feet. These properties are located at 3455 NW 54th St., 5400 NW 32nd Court and 5530 NW 32nd Court in Hialeah, which is two miles northeast of Miami International Airport and less than six miles northwest of downtown Miami and Port of Miami. Building amenities include reinforced concrete buildings on approximately 10.9 total acres of land with onsite access to a CSX freight rail line. Located at 6708 Harney Road in the East Tampa submarket, the fourth property is a 434,000-square-foot warehouse situated one mile northwest of Interstate 4, six miles northeast of downtown Tampa and eight miles east of Tampa International Airport. The property is located within three miles of two new Amazon fulfillment centers. Additionally, the property includes 13.2 acres of vacant …

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Miami Worldcenter
DevelopmentFloridaRetailSoutheast

CIM Group, Miami Worldcenter Associates Break Ground on 78,000 SF Jewel Box Retail Building

by Julia Sanders

MIAMI — CIM Group and Miami Worldcenter Associates have broken ground on the 78,000-square-foot “Jewel Box” building, one of the last retail components within the $4 billion Miami Worldcenter project. Slated for completion in the second quarter of 2022, the Jewel Box building will feature two levels of retail space. The property will also include a rooftop overlooking the development’s World Square, a 20,000-square-foot public plaza and park. Located at 150 NE Eighth Street, the Jewel Box is situated directly west of the upcoming citizenM boutique hotel and north of apartment tower known as Bezel at Miami Worldcenter. Miami Worldcenter is a 27-acre, master-planned mixed-use project in downtown Miami. More than 150,000 square feet of retail space at Miami Worldcenter has already been completed, with another 130,000 square feet currently under construction and nearing delivery.

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Elevate Navarre
FloridaLoansMultifamilySoutheast

Cushman & Wakefield Secures $48.9M Construction Loan for Apartment Community in Navarre, Florida

by Julia Sanders

NAVARRE, FLA. — Cushman & Wakefield has secured $48.9 million in construction financing on behalf of Atlanta-based Branch Properties LLC for Elevate Navarre Beach, a 332-unit apartment community located in Navarre. Michael Ryan, Brian Linnihan, Richard Henry and Taylor Crowder of Cushman & Wakefield secured the five-year, floating-rate loan through IberiaBank. Elevate Navarre Beach will include 11 three-story residential buildings offering one-, two- and three-bedroom floorplans with an average unit size of 894 square feet. Community amenities will include a pool, fitness center, outdoor grilling stations with private cabanas, dog park and spa and car care center. The property is slated to break ground before the end of the year, and construction is expected to be complete by late 2023. Located at 8250 Naverre Parkway, the property will be adjacent to Paradise Shoppes of Navarre, a Publix-anchored neighborhood center offering retail, restaurants and entertainment space. Elevate Navarre Beach will be situated approximately 20 miles from Pensacola Beach and 41 miles from Santa Rosa Beach.

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FloridaLoansMultifamilySoutheast

BLD Group, GMF Capital Receive $210M Refinancing for Three Multifamily Properties in Florida

by Julia Sanders

ORLANDO, MAITLAND AND FORT MYERS, FLA. — A joint venture between BLD Group and GMF Capital has received a $210 million loan for the refinancing of a three-property multifamily portfolio in Florida totaling 1,139 units. Eastdil Secured arranged the five-year, floating-rate loan through Brookfield Real Estate Financial Partners on behalf of the joint venture. The three apartments include the 403-unit M2 at Millenia in Orlando, the 300-unit 400 North in Maitland and the 436-unit Venetian in Fort Myers. Lincoln Property Co. manages all three communities, which were 96 percent leased at the time of sale. M2 at Millenia offers one-, two- and three-bedroom apartments. Located at 4206 Eastgate Drive, the property is situated adjacent to Millenia Mall and close to Florida’s Turnpike and Interstate 4. Community amenities include a private parking garage, clubhouse, business center, entertainment room, fitness center, outdoor dining and a Zen courtyard with a fireside lounge and waterfall. 400 North offers one-, two- and three-bedroom apartments with features such as plank flooring, granite countertops, stainless steel appliances, valet waste removal service and garage parking. Community amenities include a fitness center, elevators, pool, courtyard, outdoor grilling and dining area and onsite management. Located at 400 N Orlando Ave., …

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FloridaLeasing ActivityRetailSoutheast

MAB American Signs Publix to 48,387 SF Lease in Wynnehaven Beach, Florida

by Julia Sanders

WYNNEHAVEN BEACH, FLA. — MAB American Management LLC has signed Publix to a lease to anchor Wynnehaven Plaza, MAB’s newest shopping center development located at the northwest corner of US Highway 98 and Rosewood Drive in Wynnehaven Beach. Wynnehaven Plaza will feature a 48,387-square-foot Publix store along with a 2,100-square-foot Publix Liquor store on 10 acres of land. In addition to Publix, MAB is now preleasing business storefronts in the eight-unit inline building adjacent to Publix, as well as a two-unit freestanding pad site. MAB recently broke ground on the project in July 2021 and is expected to complete the shopping center by 2022. The development cost for Wynnehaven Plaza is expected to exceed $20 million.

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vet
AcquisitionsFloridaHealthcareSoutheast

Alliance Consolidated Acquires Two Net-Leased Veterinarian Properties in Cape Coral, Florida for $2.1M

by Julia Sanders

CAPE CORAL, FLA. — Alliance Consolidated Group of Cos. has acquired a two-property veterinary portfolio including Kindness Animal Hospital West and Kindness Animal Hospital East in Cape Coral. The undisclosed seller sold the properties for $2.1 million. Pathway Vet Alliance LLC will remain as the existing tenant in both properties. Pathway Vet Alliance is part of a national veterinary hospital group with over 300 facilities across the country. In 2018, the organization acquired Kindness Animal Hospital, and in turn, retained the practice’s name as well as the two locations in the Cape Coral portfolio. Kindness Animal Hospital West is a 5,500-square-foot facility located at 717 Cape Coral Parkway West. Kindness Animal Hospital East spans 2,060 square feet at 1711 South East 47th Terrace. Kindness Animal Hospital has been serving the Cape Coral community for over 30 years. The two locations offer veterinary services including exotic and avian animal specialty, spaying/neutering, vaccinations, grooming, pet boarding, dentistry, laser/ultrasound procedures and emergency care. Alliance Consolidated Group of Cos. is a Bannockburn, Ill.-based real estate investment firm that specializes in net-leased medical buildings.

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DevelopmentFloridaHealthcareHospitalityMixed-UseSoutheast

Joint Venture Breaks Ground on 255-Room Legacy Hotel & Residences Hotel at Miami Worldcenter

by Julia Sanders

MIAMI — The joint venture, Blue Legacy Ventures, has broken ground on Legacy Hotel & Residences Hotel, a mixed-use tower in Miami with 255 hotel rooms, 310 residences and a $100 million medical center. Legacy Hotel & Residence is part of Miami Worldcenter, a $4 billion, 27-acre mixed-use development in downtown Miami. The tower sits on 1.3 acres. All 310 residences in the tower sold out in May. The Legacy’s residences range in size from 350 square feet to 850 square feet with studios to two-bedroom units. The units sit atop the hotel, which will be managed and operated by Accor under The Morgan’s Originals Portfolio. The skyscraper’s amenities will also include ground-floor retail, a one-acre pool deck, a seven-floor rooftop atrium with a restaurant bar and lounge, an elevated pool and a members-only international business lounge. Blue Zones and Adventist Health also signed a partnership agreement to operate the medical center once it’s completed. Blue Zones is a subsidiary of Adventist Health Blue Zones. Miami-based Royal Palm Cos. is a co-developer on the project. The 10-floor medical and well-being center will occupy 120,000 square feet within Legacy Hotel & Residences. The center will be powered by artificial intelligence and …

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Downtown 5th
DevelopmentFloridaMultifamilySoutheastTop Stories

Melo Group Completes 52-Story Downtown 5th Apartment Towers in Miami

by Julia Sanders

MIAMI, FLA. — Melo Group has completed Downtown 5th, a pair of 52-story towers in downtown Miami with 1,042 rental apartments and approximately 12,500 square feet of ground-floor retail space. Construction began in late 2019 and move-ins are currently underway. Downtown 5th apartments include one-, two- and three-bedroom units measuring between 650 and 1,200 square feet in size. Monthly rental rates range from approximately $1,700 to $4,000. East Tower is now open for tenant move-ins, and South Tower is about to open. Both towers are fully leased. “As corporations, finance firms and tech companies continue to look to relocate or expand to downtown Miami, the city is evolving into a global destination for business and lifestyle,” says Martin Melo, principal of the Melo Group. “We’re seeing people moving here from major cities across the country. At Downtown 5th, about 25 percent of our tenants are coming from out of state, with many relocating from cities in the northeast and California.” Located at 55 & 25 NE 5th St. in the center of downtown Miami’s Central Business District, Downtown 5th is situated approximately seven miles from the Miami International Airport and is about 5.9 miles from Miami Beach. The property is …

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