TM Seeking 3rd Plantation Apartment Venture
TM Real Estate has built two apartment developments near what used to be an American Express campus in Plantation. Now, it’s building a third. The site will be on 4.3 acres at 8490 Cleary Blvd., on the corner of Pine Island Road.
The S. Florida Business Journal reports the developer filed a plan for Shalimar North, which would include 145 units in a five-story building. The plan would include 19 workforce housing units for people making up to 120% of the area median income, utilizing the city’s workforce housing density bonus.
The apartments would range from 453 square feet for studios to 652 square feet for one bedrooms to 966 square feet for two bedrooms. The project would include a pool.
MSA Architects will be the project designer and the planning firm is Craven Thompson & Associates s office.
The developer purchased the property for $33.5 million in 2014. TM Real Estate completed the first two phases of the Shalimar Midtown apartments there, with a combined 480 units and 10,000 square feet of retail.
Other News
Lincoln, McCourt Launch 344-Unit Culver City Mixed-Use
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
Learn more
Logisco Launches $60M Quebec Rental Project With New Brand
Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
Learn more
Virtus Buys Hamilton Retirement Residence For $26M
Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout