Avison Young has been tapped to market Laguna Vista, an ±80-acre mixed-use waterfront development site located on Biscayne Bay at 17777 Old Cutler Road in the Palmetto Bay submarket of Miami, Florida for sale. Avison Young says the fully entitled site is one of the largest contiguous redevelopment opportunities in Miami-Dade County. The property is owned by Goddard Investment Group.
At one time, the headquarters for Burger King, the property is currently home to a 315,000-square-foot three-building office complex. Laguna Vista is fully entitled to 413 multifamily units, 42 townhomes, a 120-key hotel, 280,000 square feet of retail and 315,000 square feet of office space.
Avison Young’s Michael T. Fay, John K. Crotty; David Duckworth; Brian C. de la Fé; and Philip Shapiro are leading marketing efforts on behalf of Goddard.
Ontario Finance Minister Peter Bethlenfalvy told the legislature Thursday that the province’s response to economic uncertainty is to “build, and to build together.” But the Fall Economic Statement he delivered forecasts considerably less building than the government expected just six months ago. Ontario now projects 65,100 housing starts in 2027, down from 70,300 in its...
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Five major Canadian banks are financing a 917-unit rental development in Etobicoke, where construction is now underway on a site previously planned for condominiums. CBRE Capital arranged the conventional, uninsured construction financing for EllisDon Developments and Windsor Private Capital’s two-tower project at 80–90 Fieldway Rd., near Kipling station. The LiUNA Pension Fund is also an...
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Peakhill Capital has launched a $750-million construction lending program for rental housing developments across Canada, with $450 million in loans already closed under the new platform this year. The Toronto-based lender announced Thursday that its Everest program, backed by an initial institutional commitment, will provide CMHC-insured construction loans ranging from $4 million to $200 million....
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