Henry S. Miller and Lincoln Property Co. are partnering on the redevelopment of Pepper Square, a mixed-use project located at the southeast corner of Preston Road and Belt Line Road. The two have agreed to jointly develop the project’s first of three phases. Current plans for the redevelopment include at least 1,050 apartment homes and approximately 65,000 square feet of new retail space, along with improved pedestrian and open spaces.
Construction of phase I is set to begin in May 2027. It will include a 313-unit apartment with more than 2 acres of public open space.
Henry S. Miller and Lincoln have brought on WDG Architecture as architect and Kimley-Horn as civil engineer. Rampart Construction will work as general contractor for the project.
Pepper Square was built in the 1970s and spans around 270,000 square feet. The shopping center was 70% leased in 2025.
Fortune International Group and Blue Road delivered Nexo Residences, a 16-story short-term rental condominium in North Miami Beach. Built by KAST Construction, the development will soon welcome its first owners and guests. Located at 13899 Biscayne Blvd., the 254 units are delivered fully furnished. Studio to three-bedroom floorplans, along with a collection of three- and four-bedroom townhomes, range from...
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PTM Partners closed on a $125 million construction loan from GID to finance EDGE Collective II, a 330-unit Class AA multifamily high-rise including 19,000 square feet of retail space in downtown St. Petersburg’s EDGE District. Berkadia arranged the three-year, floating-rate construction loan on behalf of PTM Partners. The financing was arranged by Scott Wadler and...
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Boston continues to be a hub for office conversion enthusiasts, with Kendall Capital planning to convert a landmark office building in Boston’s Financial District into a 155-unit residential property. The 155,000-square-foot project would be financed through historic tax credits, according to a report by Banker & Tradesman. Kendall Capital manager Mai Luo acquired the property...
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