Work Underway on Related’s Hollywood Highrise
Related Group and BH Group have begun work on Icon Beach Waterfront Residences, a 38-story high-rise with 350 residences in Hollywood, between Miami and Fort Lauderdale. The group will also deliver a private 32-slip marina and resident-exclusive beach club.
The groundbreaking follows the recent closing of a $360 million construction loan from Tyko Capital. Completion is anticipated in 2028. Designed by Cohen Freedman Encinosa & Associates, the development offers one- to three-bedroom residences spanning 948 to 2,580 square feet.
Icon Beach offers 40,000 square feet of amenity space, including a pool with a sun shelf, a spa and wellness center complete with a cold plunge, steam room, and Jacuzzi, and a 3,000-square-foot health club.
Other News
Embrey, Southstar Close on $71M Construction Loan for Nashville-Area Apartment Project
PCCP provided a $71 million senior construction loan to a joint venture between EMBREY Partners and Southstar Development for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, TN. Completion of the project is anticipated for Q1 2028. Spring Hill is about a half hour from...
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Investor Duo Acquires Two Tennessee LIHTC Apartment Assets
Western Wealth Capital (WWC) acquired two Tennessee apartment communities; the River City North Apartment Homes in Chattanooga, Tennessee, and Meadow Creek Apartment Homes in Goodlettsville, Tennessee, just north of Nashville. WWC and its investment partner, FSO Capital Partners (FSO), closed on the 192-unit portfolio for a purchase price of $20.7 million. The transaction was brokered...
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Construction Underway on 325-Unit Apopka Rental Community
An affiliate of Hathaway Development has started work on The Exchange at Wyle Oaks, a 325-unit apartment community is Apopka, near Orlando. The project is one of the first at the 215-acre Wyld Oak mixed-use project. Financing for the approximately $71 million development includes a $47 million construction loan from Ameris Bank and $22 million...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout