Broker arranges $30 million construction loan for Daytona Beach vacation rental project

Avison Young’s Florida Capital Markets Group says it has arranged a  $30 million senior construction loan with an undisclosed bank to develop MAX Daytona, a 72-unit vacation rental project at 1901 S. Atlantic Ave. in Daytona Beach Shores. Avison Young principal George Vail and team sourced the loan on behalf... Continue reading

 Plaza Construction, a construction management and general contracting firms, says it hosted its 15th annual charity Golf Invitational on May 24 at the La Gorce Country Club in Miami Beach. More than 100 golfers and volunteers helped raise roughly $175,000 for the Voices For Children Foundation, Inc., which advocates for... Continue reading

Developers behind a plan for a controversial mixed-use project covering 23 acres on the edge of Miami’s Little Haiti have submitted a ‘“reimagined” and scaled-back, but still massive proposal to the city, but community skepticism and opposition has delayed a decision on the project’s planning approval. The Miami Herald reported... Continue reading

Statewide, Florida’s construction employment has declined by about 2 per cent from before the COVID-19 pandemic started in March, 2020, until today — but local variations indicate that some areas of the state have fared much better than others. For example, employment grew by 6 per cent in the Panhandle... Continue reading

Merrimac Ventures landed construction loans for Merrimac Plantation, a $90-million apartment project in Plantation. The six-story, 306-unit apartment project in the Midtown Business District will be built by Kaufman Lynn Construction, which will start construction this month. The 293,945-sq.-ft. development will feature a pool, gym, clubroom, game room and 543... Continue reading

Owen‑Ames‑Kimball Company (O‑A‑K) has begun construction and site work on Bacino Vista Investments’ Coronado Parkway Condominiums in Cape Coral. The nautical-themed, approximately 48,954 sq. ft., multi-family condominium building will have 16 two and three-bedroom residences on two floors. The building’s design reflects a Bahamas-inspired architectural style and the tropical waterfront... Continue reading

The Orange Park Medical Center has announced a $34 million multi-phase expansion set to be fully completed in the fall of 2023, creating over 80 new jobs. The expansion includes the construction of two new inpatient units that will add 48 private patient rooms. In addition, the project will include... Continue reading

The Estate Cos. has secured a $76 million construction loan for Soleste NoMi Beach. The Miami-area community is expected to break ground this quarter and will offer 367 units in one-, two- and three-bedroom floor plans. The 23-story building will be constructed at 16395 Biscayne Blvd. The 85,957-sq.-ft. development will... Continue reading

City of Miami officials and project partners from the Miami Downtown Development Authority (DDA), the Flagler District BID and Miami-Dade County broke ground on the $20.5-million Downtown Flagler Street Beautification project. The ceremony marked the official start of a complete overhaul of the city’s historic main street in the heart... Continue reading

Stevens Construction has started construction of a new corporate headquarters in Fort Myers. Located at 14541 Hope Center Loop, the new headquarters will accommodate the company’s recent growth and position them for future expansion. Occupying the second floor of the new 20,000-sq.-ft. building, Stevens will include a training room, indoor... Continue reading