New Construction News
Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.
META Development is paying $21 million for two Brickell Avenue lots, where it will develop the community.
The 10-story tower will bring 50 condominiums to the final development site on Fisher Island.
The 65-condo development is located on Grove Isle, a 20-acre private island off Miami’s Coconut Grove neighborhood.
The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000.
The 50-story tower rising in Miami’s South Brickell neighborhood will offer 152 condominiums, over 60% of which are under contract.
The 12-story development will have 228 residences ranging from studios to two-bedroom units that can be leased out for terms as short as one month.
The Arizona-based builder has secured 150 of the country club community’s 900 homesites and will join Kolter Homes in developing it.
Affiliated Development recently secured a $50 million first mortgage on the 270-apartment community.
The Palm Beach golf club community will feature homes priced from $4.5 million to $20 million.
Star Development Group is behind One Hollywood Residences, a 23-story tower with 248 condominiums.
Located at 9317 Collins Ave., the project will offer two- to five-bedroom units ranging from 2,093 to 6,279 square feet.
Superior Manor Apartments’ second phase comprises two four-story buildings, which are located at 2349 NW 51st St.
July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000.
Jannine Sayago-Gonzalez will manage all sales efforts at the supertall, mixed-use tower going up in downtown Miami.
The community, Soleste Palm Station, will have 321 apartments in two eight-story buildings.
