Florida

St. Joe Co. Opens 75-Room Hotel at Watersound Club in Panama City Beach, Florida

by John Nelson July 13, 2023

PANAMA CITY BEACH, FLA. — The St. Joe Co. has opened Camp Creek Inn, a 75-room hotel located at 684 Fazio Drive in Panama City Beach. The property is situated on the grounds of the developer’s Watersound Club, a private members club that features an 18-hole golf course, 11,000-square-foot wellness center, tennis courts, pickleball courts and a resort-style pool with a hot tub, lazy river, waterslide and the Bark N’ Brine dining venue. Camp Creek Inn features two dining venues, an outfitter shop, executive meeting rooms and locker rooms for use by hotel guests and Watersound Club members. The property is the fifth hotel that St. Joe Co. has opened this year.

July 13, 2023

Fisher Brothers-South-Elevation-View-Day

Development Florida Multifamily Southeast Top Stories

Fisher Brothers Breaks Ground on 308-Unit Multifamily Project in Miami’s Wynwood Neighborhood

by Katie Sloan July 13, 2023

MIAMI — Fisher Brothers has broken ground on Wynhouse Miami, a 308-unit multifamily community located at 2200 NW First Ave. in the Wynwood neighborhood of Miami. JP Morgan Chase and affiliates of Canyon Partners provided $117.5 million in financing for the development, which Suffolk Construction is building. The eight-story community is scheduled for completion in early 2025. Wynhouse Miami will offer units in studio, one- and two-bedroom configurations, alongside a selection of penthouse units. Shared amenities will include a fitness center, second-floor lawn area, co-working and entertainment lounges, an expo kitchen, and a rooftop swimming pool and outdoor entertainment space with views of the downtown Miami skyline. The property will also feature 26,000 square feet of ground-floor retail space and public artwork on the exterior of the community, with passageways to encourage pedestrians to engage with the building and community spaces. The development team for the project includes Rockwell Group, Nichols Architects and ID & Design International. “The project pays homage to the industrial, craft-oriented nature of the historic neighborhood,” says Andrew James, principal of Nichols Architects. “At the same time, the contemporary identity of Wynwood is being reinforced by the paseos, which will enhance the pedestrian realm, and the application …

July 13, 2023

Acquisitions Florida Retail Southeast

Ian Black Real Estate Brokers $8.2M Sale of Retail Center in Sarasota, Florida

by John Nelson July 12, 2023

SARASOTA, FLA. — Ian Black Real Estate has brokered the $8.2 million sale of Crowder Plaza, a 25,000-square-foot retail center located at 2507 Lakewood Ranch Blvd. in Sarasota. Shadow-anchored by Ace Hardware, the center was fully leased at the time of sale to tenants including Big Top Brewery, Goodwill, The Granary, Blossom Nails, The Boutique Out East, Premier Tackle and Domino’s Pizza. George Brusco of Ian Black Real Estate represented the seller, an entity doing business as Crowder Enterprises LLC, in the transaction. Marny Lewis of Berkshire Hathaway HomeServices, Florida Realty represented the buyer, an entity doing business as Crowder Village LLC. Brusco has managed the leasing for Crowder Plaza since 2014.

July 12, 2023

Development Florida Mixed-Use Restaurant Retail Self-Storage Southeast

PEBB, Banyan Underway on 10-Acre Mixed-Use Project in Delray Beach, Florida

by John Nelson July 11, 2023

DELRAY BEACH, FLA. — PEBB Enterprises and Banyan Development have started construction on Atlantic II, a 10-acre mixed-use project located at 8778 W. Atlantic Ave. in Delray Beach. Upon completion, which is scheduled for mid-2024, the development will feature a 10,000-square-foot, multi-tenant retail building, 100,000 square feet of self-storage space and a car wash outparcel. The outparcel is currently under contract for sale, and Paradise Grills has signed a lease to occupy 6,000 square feet in the retail building. Liberty Investment Properties, which develops self-storage properties, is partnering with the joint venture on the development.

July 11, 2023

Development Florida Multifamily Southeast

Thompson Thrift to Develop 257-Unit Apartment Community in Sarasota, Florida

by John Nelson July 11, 2023

SARASOTA, FLA. — Thompson Thrift has announced plans for the development of The Concord, a 257-unit apartment community to be constructed on 8.5 acres in Sarasota. Upon completion, the property will feature units in one-, two- and three-bedroom layouts. Amenities at the community will include a fitness center, heated swimming pool, outdoor entertainment and grilling areas, a dog run and pet spa, social hub and work-from-home suites. Completion of the development is scheduled for fall 2024.

July 11, 2023

Acquisitions Florida Office Southeast

Ashkenaz Purchases 61,702 SF Beachway Professional Center Office Building in Bonita Springs, Florida

by John Nelson July 11, 2023

BONITA SPRINGS, FLA. — Ashkenaz USA has purchased Beachway Professional Center, a 61,702-square-foot office building located on Bonita Beach Road Southwest in Bonita Springs. Rainer Filthaut of International Realty Corp. represented Ashkenaz in the $14.4 million transaction. Dave Wallace and David Wallace of CRE Consultants represented the undisclosed seller and will continue to manage leasing at the property, which was fully occupied at the time of sale.

July 11, 2023

Acquisitions Florida Hospitality Southeast

CBRE Secures Sale of Two Hotels Within Dania Pointe Development in South Florida

by John Nelson July 10, 2023

DANIA BEACH, FLA. — CBRE has secured the sale of two adjacent hotels within the 102-acre Dania Pointe mixed-use development in Dania Beach, an oceanfront city in Broward County. The properties, Hyatt House and Hyatt Place, total 292 rooms and are surrounded by more than 1 million square feet of office and retail space, as well as 1,000 apartments within Dania Pointe. Florida-based Kolter Hospitality purchased the hotels for an undisclosed price. Christian Charre, Paul Weimer and Jennifer Jin of CBRE represented the undisclosed seller in the transaction.

July 10, 2023

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $5.9M Sale of Retail Strip Center in Treasure Island, Florida

by John Nelson July 10, 2023

TREASURE ISLAND, FLA. — Marcus & Millichap has brokered the $5.9 million sale of Treasure Island Plaza, a 20,000-square-foot retail strip center located at 118 107th Ave. in Treasure Island, a city in the Tampa Bay metro area. Built in 1981, the property was leased to 11 tenants at the time of sale. The buyer, an unnamed investment firm based in Miami, plans to redevelop the one-acre parcel into a mixed-use building with 40 residences atop 10,000 square feet of retail space. Evan Cannan and Reid Thedford of Marcus & Millichap’s Tampa office brokered the transaction.

July 10, 2023

Development Florida Multifamily Southeast

JQ Group Completes Development of 263-Unit Madison Point Apartments in Metro Miami

by John Nelson July 7, 2023

NARANJA, FLA. — JQ Group has completed the development of Madison Point Apartments, a mixed-use multifamily community located at 26021 S. Dixie Highway in Naranja, roughly 30 miles outside Miami. ANF Group Inc. served as the general contractor on the project, which features 263 apartments and 14,355 square feet of commercial space across four buildings. Apartments span 637 to 1,175 square feet in one-, two- and three-bedroom layouts. Amenities at the community include a swimming pool, community center, playground, fitness center, library, media center and approximately 200 parking spaces.

July 7, 2023

Development Florida Multifamily Southeast

ZOM Living Delivers 214-Unit Multifamily Development in Tampa

by John Nelson July 7, 2023

TAMPA, FLA. — Orlando-based ZOM Living has completed the construction of Azola South Tampa, a 214-unit multifamily community located at 7701 Interbay Blvd. in Tampa. Units range in size from 747 to 2,115 square feet and include apartments in one- and two-bedroom layouts, as well as six townhomes with three bedrooms and two-and-a-half bathrooms. Amenities at the property include a 6,000-square-foot clubhouse, swimming pool, fire pit and a pool courtyard featuring an outdoor billiards table, TVs, seating, a summer kitchen and two grilling areas. Architectural firm LRK designed the community, which is currently 70 percent occupied. Monthly rental rates at the community begin at $1,987.

July 7, 2023

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