Namdar Group scored $460 million in cross-collateralized bridge and construction loans for its nearly 1,400-unit, two-tower apartment project in downtown Miami. The deal comes amid continuing lending in South Florida, despite higher interest rates and other economic headwinds. Great Neck, New York-based Namdar is developing Phase I with a 43-story, 680-unit tower at 55 Northeast … Read more
Terra and Frisbie Group presented a scaled back plan for their proposed One Boca megaproject in Boca Raton, slashing the housing and office components in the development. It marks the latest iteration of the developers’ February plan to redevelop Boca Raton’s city government campus at 201 West Palmetto Park Road. The new proposal calls for … Read more
In an effort to build more and build fast, off-site construction is gaining traction as developers seek to speed up production while maintaining quality and controlling costs. Villa, a California-based leader in factory-built housing, is proving just how far the model can scale. “There are a number of challenges when doing modular homebuilding,” says Sean … Read more