Miami commissioners voted to approve on first reading a proposal that would allow developers to double their density in specific neighborhoods, starting in Edgewater. Under the proposal, developers would pay $35,000 per unit into a Resilience Trust Fund for the additional density. Those funds would be used to help pay for flood control and climate … Read more
Miami commissioners are set to vote on a proposal that would allow developers to double their density in specific neighborhoods, starting in Edgewater. If approved, the city’s Resilience Trust Fund would be used to help pay for flood control and climate projects, Coconut Grove Spotlight reported. The city’s Planning, Zoning and Appeals Board approved the … Read more
South Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks, as foreign investors rush to participate before the program expires. The visa program, which provides green cards to investors and their immediate families whose funds lead to the creation of 10 full-time jobs for U.S. workers, has a … Read more
The Villages is betting big on the municipal bond market to keep its housing boom alive. The sprawling 57,000-acre retirement empire in central Florida is selling nearly $130 million in high-yield municipal bonds to fund a 2,800-home district, Bloomberg reported. The sale, handled by Jefferies and Morgan Stanley, will bankroll infrastructure for the next phase … Read more