JBL is pursuing a plan to redevelop a Deerfield Beach shopping center, converting it into apartments and some retail. The town is considering JBL’s plan to rezone a 13-acre parcel on S. Federal Highway. The S. Florida Business Journal reports the company paid $18.85 million for Rivertowne Square, a 144,000-square-foot retail plaza built in 1980.
Under the new zoning, the developer would build 736 apartments in two eight-story buildings and two parking garages with a combined 1,232 spaces. The site would have 75,527 square feet of retail, with 24,000 square feet of that new space on the ground floor of the apartment complexes and the rest of that existing space.
The two towers would have 394 and 342 apartments, with a pool, a clubhouse and a fitness center. There would be 116 studio apartments, 379 one-bedroom units, and 241 two-bedroom units.
It was designed by Deerfield Beach-based Gallo Herbert Architects.
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...
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