Continuum Company unveiled Phase II of the Continuum Waterfront District, a mixed-use development spanning over three acres along Biscayne Bay. The North Bay Planning Commission unanimously approved the most recent plan. In 2024, Continuum paid $75 million for the land that currently has a Best Western Inn and the former Shucker’s restaurant. They will make way for Continuum’s latest effort.
The Continuum Waterfront District includes two Continuum Club residential condominium towers and a Continuum-branded boutique hotel with a rooftop pool. The broader district will feature new restaurants and bars, a renovated marina, outdoor wellness areas, and retail storefronts.
The previously approved Continuum Club & Residences, currently under construction and nearly 50 percent sold, is the district’s first phase. The tower features over 60,000 square feet of amenities, including a waterfront resort-style pool, a wellness center with a gym, yoga studio, longevity spa, marina, private yacht club and beach club memberships, and a premium membership to Dorsia, an exclusive dining platform.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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