The launch follows a $1 billion transformation of the beachfront property.

Located two miles from Las Olas Beach, the 540-foot tall, 45-story development features 163 residences and marks the first condominium tower developed on Las Olas Boulevard in nearly 20 years.

“The starting point for us was a dated office complex with surface parking, and our ending point is the creation of a vibrant campus,” said Newrock Partners Principal Koby Assaraf.

Two townhomes from Le Reve are already on the market: Unit C, listed for $4.85 million, and Unit A, listed for $5.288 million.

Clara Homes will construct its third building at Clara Bay Harbor, an apartment complex in the Bay Harbor neighborhood.

The Palma joins its sister development, previously named 5250 Park, on Northwest 84th Avenue.

The move comes despite a slowdown in the single-family rental market. 

The brand will specialize in cottage-style homes with private backyards. 

Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma. 

The first phase of the deal comprises 1,424 new single-family homes and townhouses in Tampa, Fla.; Atlanta and Athens, Ga.; and Pinehurst, N.C.

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

Sandra Tagliamonte and Madison Collum of ONE Sotheby’s International Realty have listed a waterfront Mediterranean estate in Fort Lauderdale for more than $13 million.

Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.

Actor, singer, songwriter, composer and television personality Manny Chamizo’s talent agency acquires retail condominium on ground floor of luxury Coral Gables building

Comprising 4.61 acres, the “best-of-both-worlds” property will be developed into two luxury condominiums with a private marina and beachfront amenities.