Month: July 2021

Tres Capital has announced a $75 million construction loan for 354 rental apartments in Sarasota. The project, SOTA 75, will be built by Unicorp National Developments. Located at 2301 Lakewood Ranch Boulevard, the project consists of double-decker and four-story buildings with separate garages, and studios, one-, two- and three-bedroom units.... Continue reading

Construction is underway at Modera Skylar Phase II, an apartment community located in the River District of downtown Miami. Mill Creek Residential is behind this project, which is being developed alongside the original 21-story Modera Skylar. The high-rise will offer 97 apartment homes and a connection to the elevated pool... Continue reading

Seagate Development Group says it has broken ground on the final phase of EmCyte Corporation’s headquarters in Fort Myers. The $2.2-million project will add 13,000 sq. ft. of warehouse space to a new building and a 2,000-sq. ft. office structure to EmCyte’s preexisting 30,000-sq. ft. headquarters at 4331 Veronica S.... Continue reading

The Florida Department of Economic Opportunity (DEO) and Enterprise Florida (EFI) have awarded several grants totaling more than $30 million to improve infrastructure, community redevelopment and job creation in small and rural communities. The Department of Economic Opportunity has awarded $29 million to 42 communities through the Small Cities Community... Continue reading

West Palm Beach-based Verdex Construction has started work on South Martin Industrial Park, a new warehouse facility at the intersection of SW Kanner Hwy. and Florida’s Turnpike in Martin County, FL. The project includes nine warehouse buildings totaling 96,207 sq. ft. The site will also include a free-standing consumer self-storage... Continue reading

Overall construction spending declined in May compared to the prior month, driven by continued drops in non-residential construction activity as firms struggle with supply chain disruptions, rising materials prices and labor shortages, according to an analysis of new federal construction spending data by the Associated General Contractors (AGC) of America.... Continue reading

Seagate Development Group says it has hosted nearly two dozen Lee County leaders and Florida businesspeople at the ceremonial groundbreaking of 40-acre Alico Trade Center in Fort Myers The July 2 event occurred at the business park site at Alico Road and Oriole Road in Fort Myers. After introductions and... Continue reading

The city of Jacksonville issued a permit for construction of a Walmart Health Clinic along Philips Highway, reports JAX DailyRecord. The $1.02 million project will be built by contractor Hutton Construction Co. The 6,510-sq.-ft. clinic will be located within the Walmart Supercenter at 4250 Philips Highway. The retailer wants to... Continue reading

Index Investment Group secured a $103 million of non-recourse construction takeout financing with H.I.G Capital for a 444-unit multifamily rental property, The Pointe on Westshore, in Tampa. Located at 4950 West Prescott St. in Tampa on a 23-acre parcel of land, The Pointe on Westshore will have 27 buildings across... Continue reading

Overall, Florida’s construction employment has rebounded to pre-pandemic levels, with an overall 0.3% (1,500 jobs) increase between February 2020 and May 2021, according to government data compiled by the Associated General Contractors (AGC) of America. But results varied quite significantly from region to region within the state. For example, Palm... Continue reading