New Construction
The former WeWork CEO’s company, Flow, has already developed two rental communities in South Florida.
The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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.
