HOLLYWOOD, FLA. — Housing Trust Group (HTG) has opened the Apartments at University Station, a $100 million mixed-used affordable housing community located in downtown Hollywood. The development features 216 income-restricted units of affordable and workforce housing — 108 one-bedroom and 108 two-bedroom apartments — ranging in size from 621 square feet to 899 square feet. The property’s affordable component will apply to all households earning between 22 and 80 percent of the area median income. The complex comprises two residential towers, a 635-space public-private parking garage, more than 2,000 square feet of retail space and a new 12,210-square-foot campus for Barry University’s College of Nursing and Health Services. Amenities at the complex include a multipurpose room with a catering kitchen and bar, fitness center, resort-style swimming pool and a game room, as well as elevated pedestrian bridges connecting the residential buildings to the parking garage. Developed in a public-private partnership with the City of Hollywood, the project team includes general contractor ANF Group Inc., Corwil Architects, HSQ Group (civil engineer), B. Pila Design Studio (interior design), Witkin Hults + Partners (landscape architect), BNI Engineers (structural engineer), RPJ Inc. (MEP engineer) and Kaller Architecture (Barry University interiors). Financing sources for the development …
BOYNTON BEACH, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Cross Creek Center, a 37,201-square-foot shopping center located in the Fort Lauderdale suburb of Boynton Beach. Built in 1988 and renovated in 2014, the center was 97 percent leased at the time of sale to tenants including Stanton Optical, The UPS Store, Smoothie King and Metro by T-Mobile. Drew Kristol and Kirk Olson of IPA represented the seller, Davie, Fla.-based Janoura Realty, and procured the buyer, Cincinnati-based Phillips Edison & Co., in the transaction. The sales price was not disclosed.
FORT LAUDERDALE, FLA. — PMG, along with general contractor John Moriarty & Associates, has topped out the second phase of Society Las Olas, a 42-story apartment tower located at 140 S.W. 42nd St. in downtown Fort Lauderdale. The 563-unit community is situated in Fort Lauderdale’s historic riverfront district and will offer a mix of traditional apartment layouts and a small cluster of co-living options where residents can rent by the bedroom. Designed by FSMY Architects + Planners, Society Las Olas will also feature 1,625 square feet of ground-floor retail space and amenities including a coworking hub with private meeting rooms, pool deck with a yoga lawn and a large fitness center. PMG plans to deliver the tower in early 2026. Phase I of Society Las Olas was delivered in 2020 and sold in 2021. PMG received $226 million in construction financing for Phase II in July 2023.
ORLANDO, FLA. — JLL and HJ Sims have arranged $134.3 million in tax-exempt bond financing for a seniors housing development currently underway in Orlando. Dubbed Millenia Moments Orlando, the community will feature 151 independent living, 78 assisted living and 32 memory care units. Trinity Community Development Foundation, a nonprofit formed by Trinity Broadcasting Network (TBN), is the developer and borrower. Completion of the facility, which will total 316,900 square feet, is scheduled for 2027. The community will feature floorplans in one- and two-bedroom layouts. Memory care residences will include 26 private and six companion units. Amenities at the community will include a fitness center, theater, library, business center, art studio, dog park, game rooms, a beauty salon and an outdoor pool area. Vitality Senior Living will operate the community. JLL Securities and HJ Sims, in collaboration with JLL Capital Markets’ seniors housing team, acted as co-underwriters and arranged the fixed-rate financing, which comprises tax-exempt senior series 2025A bonds with a final maturity of 40 years.
WEST PALM BEACH, FLA. — Plaza Advisors has brokered the sale of Paradise Place, a 72,961-square-foot shopping center located on an 8.5-acre site in West Palm Beach. Built in 2003, the center was 98 percent leased at the time of sale to tenants including Publix, Sage Dental, Dunkin’ and Goodwill. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, Collett Capital, in the transaction. Forge Capital Partners purchased Paradise Place for an undisclosed price.
KEY BISCAYNE, FLA. — Locally based Gencom has begun the $100 million overhaul of The Ritz-Carlton Key Biscayne, Miami resort. The 13-story, 275,000-square-foot hotel is located on a 17-acre site at 455 Grand Bay Drive on Key Biscayne, a barrier island situated south of Miami. Originally built in 2001, the property offers 420 guestrooms and 600 feet of direct beach access. The design team for the resort’s first major renovation includes Hart Howerton (master), Design Agency (public spaces) and Chapi Chapo Design (guestrooms). The overhaul includes new exterior paint and façade elements, a new glass façade in the lobby, redesign of the spa and a new restaurant that will join the existing lineup of eateries that will be refreshed: RUMBAR, Cantina Beach, Dune, Scoop, Stefano’s and Key Pantry. Amenities that will be overhauled include the resort’s swimming pools, fitness center, The Club Lounge and the Cliff Drysdale Tennis Center, which is the largest tennis facility of any Ritz-Carlton resort. Gencom, which co-developed the hotel, expects the renovations to conclude by the end of the year.
HOLLYWOOD, FLA. — Starlife Group has launched vertical construction on 21 Hollywood, a 14-story mixed-use development located in Hollywood. Designed by Miami-based architect Kobi Karp, the project will feature 200 apartments and 10,000 square feet of ground floor retail space. Starlife Builders, a subsidiary of Starlife Group, serves as 21 Hollywood’s general contractor. The project broke ground in December 2024 and completion is slated for late 2026/early 2027. Amenities at the property will include a business center with 16-foot ceilings, coworking spaces, private conference room and a fitness center with a dedicated yoga and Pilates room. Additional offerings consist of a children’s play area, dog park and dog spa, dual cinemas and an 85-foot infinity pool that serves as the centerpiece of the outdoor space.
WEST PALM BEACH, FLA. — Bradford Allen Investment Advisors has acquired One Clearlake, an 18-story office tower located at 250 S. Australian Ave. in downtown West Palm Beach. The Chicago-based buyer plans to invest $10 million to fully renovate the 221,661-square-foot property to include a new roof, updated elevator system and fitness center, reimagined tenant lounge and a newly constructed conference center. Additionally, Bradford Allen plans to build four move-in-ready spec suites on one floor that will be ready for delivery by the fourth quarter. Situated near South Florida’s Tri-Rail and Brightline rail services, One Clearlake was originally built in 1986 and is LEED Gold- and Energy Star-certified. Christian Lee, Amy Julian, Andrew Chilgren, Tom Rappa, Matthew Lee and Sean Kelly of CBRE’s National Office Partners of Florida represented the seller in the transaction. Bradford Allen will provide asset and property management services at the property, while Jon Blunk and Laurel Oswald of TCRE will handle leasing negotiations. The transaction marks Bradford Allen’s second office acquisition in South Florida following its purchase of 350 and 450 E. Las Olas Blvd. in Fort Lauderdale in February.
PUNTA GORDA, FLA. — Kitson & Partners has begun opening the first wave of retailers at The Shops at Yellow Pine, a 120,000-square-foot shopping center located within the master-planned community of Babcock Ranch in Punta Gorda. Situated north of Crescent B Commons, a Publix-anchored shopping center, The Shops at Yellow Pine comprises three multi-tenant buildings and two standalone outparcels along Cypress Parkway. Five Guys, Marshalls, Ace Hardware, Five Below and Hope Chiropractic are already open at the center, while Panera Bread, Jersey Mike’s Subs and Verizon Wireless are expected to open in June. Several more tenants will follow later in the year, including Carvel; Papa Johns; Yummy Thai and Chinese; HomeGoods; Ulta Beauty; Aesthetics Lounge & Spa; Fountain Pools; Tipsy Nail Salon; Seymour Orthodontics; Tampa General Hospital (TGH) urgent care and medical services; and seafood and steak restaurant Oar & Iron Raw Bar & Grill, which will occupy its own building overlooking Sunset Lake. Additionally, outdoor seating areas will be available for use throughout the development, which is slated to open this summer.
DELRAY BEACH, FLA. — ANF has delivered Phase I of Parks at Delray, a 43-acre mixed-use development located at 2100 S. Congress Ave. in Delray Beach. ANF worked on behalf of the ownership group, which comprises 13th Floor Investments, Key International, CDS International Holdings and Wexford Capital. The first phase of Parks at Delray, which ANF topped out in September 2023, includes 420 one-, two- and three-bedroom apartments ranging in size from 580 to 1,400 square feet, as well as three-bedroom townhomes ranging in size from 1,670 to 1,770 square feet. Designed by MSA Architects, the community’s resort-style amenities include a clubhouse, fitness center, pool, social lounge and green spaces. When fully built out, Parks at Delray will feature 747 multifamily units, approximately 10 percent of which will be designated as workforce housing.