Located at 320 Lakeview Ave along South Dixie Highway, the 25-story building will feature 110 hotel rooms and 146 condominium residences.

Think dorm living, but elevated: Residents will pay for their own private room and bathroom, but share the rest of the apartment with other renters.

Located at 13899 Biscayne Blvd., the 15-story development will feature 254 fully-furnished residences ranging in size from 531 to 2,190 square feet.

As part of the Live Local Act, the development allows for higher-density housing in an effort to combat housing shortages in the area.

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

The development marks the first purely residential project for Hilton, a worldwide hospitality leader.

Related Group and Tricap broke ground on NoMad Residences Wynwood, the first residential project from NoMad Hotels.

Real estate development firm Lefferts topped out its 22-story luxury condominium project in Miami Beach: 72 Park.

Pinnacle secured $47.8 million in construction financing for Pinnacle 441 Phase 2, a 100-unit affordable housing development in Hollywood.

Sales have begun at Marina Landings, a new luxury gated community from 13th Floor Homes.

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Low inventory and high demand are buoying builder sentiment in the face of several headwinds. 

A surge of residential and other developments in North Miami and neighboring Aventura are reshaping the South Florida landscape. 

Apartments at Hillsboro Landing will be reserved for residents aged 62 and older who make equal to or less than 22%, 25% or 60% of the area median income (AMI).

Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market. 

The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row.