South Florida - The Real Deal

New York developer pitches Fort Lauderdale’s tallest tower at 645 feet

TRD Staff — Mon, 26 Oct 2026 23:27:49 +0000

Fort Lauderdale’s skyline could soon have a new king. New York-based NE 2nd Holdings, managed by Alexander Lichtman of Arosa Developers, has filed plans for what would be the tallest building in Fort Lauderdale, the South Florida Business Journal reported. The proposal for the 0.7-acre site at 117, 115 and 109 Northeast Second Street calls for a 1.1 million-square-foot tower rising 56 stories, or 645 feet. The tower would replace an existing parking lot and 4,000-square foot warehouse with 696 residential units, 7,400 square feet of commercial space and 696 parking spaces, the outlet said. The plan calls for 138 […]

This article originally appeared on The Real Deal. Click here to read the full story.

Fortune, Château score $463M loan for St. Regis Sunny Isles

Katherine Kallergis — Mon, 26 Oct 2026 22:30:00 +0000

Edgardo Defortuna’s Fortune International Group and the Grosskopf family’s Château Group secured a $463 million loan package for the St. Regis Residences, Sunny Isles Beach, marking one of the largest loans to close in the beachfront city. Madison Realty Capital is providing the financing, according to a news release. It refinances existing debt backing the two-tower luxury condo development at 18801 Collins Avenue, including loans provided by Bank OZK dating back to 2020. In April, the developers closed on $113.8 million in construction financing from City National Bank. New York-based Madison is led by managing principals Brian Shatz, Josh Zegen […]

This article originally appeared on The Real Deal. Click here to read the full story.

Driftwood, Merrimac, MV Real Estate score $145M loan for Miami Riverside Wharf mixed-use project

Eman Elshahawy — Mon, 26 Oct 2026 22:00:00 +0000

The developers of the $350 million Riverside Wharf along the Miami River scored a nine-figure construction loan from a regional bank for the 200,000-square-foot mixed-use project. Driftwood Capital, Merrimac Ventures and MV Real Estate Holdings secured $145 million in construction financing from Arkansas-based Centennial Bank to fund the vertical construction of the waterfront nine-story, two-tower project at 114 Southwest North River Drive, according to a news release. Riverside Wharf will include a 167-room Dream Hotel, 30,000-square-foot nightclub, a rooftop pool and day club, a 12,000-square-foot event hall and 16,000 square feet of restaurant space, with completion targeted for fall 2028. […]

This article originally appeared on The Real Deal. Click here to read the full story.

Developers snap up multifamily sites despite higher costs, overbuilding

Lidia Dinkova — Mon, 26 Oct 2026 22:00:00 +0000

A pair of developers scooped up two separate multifamily project sites, as South Florida construction costs stay elevated and the region has barely emerged from years of oversupply in the rental market. In the bigger deal, an affiliate of Brickell-based North Development paid $32.8 million for the 0.6-acre lot on the northwest corner of North Bayshore Drive and Northeast 21st Street in Miami’s Edgewater, according to property records and real estate database Vizzda. The lot is immediately west of the Biscayne 21 condominium that was the subject of a protracted legal battle until recently between holdout unit owners and the […]

This article originally appeared on The Real Deal. Click here to read the full story.

Amendment 3 spells property tax break for homesteads. For renters? Not quite, study says

TRD Staff — Mon, 26 Oct 2026 20:30:00 +0000

As Floridians head to the polls to decide on a property tax amendment, a study found the legislation meant to make homeownership more affordable could burden renters. Amendment 3 would increase the homestead exemption on primary homes to $150,000 from the current $50,000 from non-school taxes, with the exemption jumping to $250,000 in 2028. The referendum requires 60 percent of the vote to pass, and if it does, Florida will be the first to implement a statewide property tax overhaul. It’s meant to make homeownership more affordable. But it makes no mention of apartment tenants, who may be exposed to […]

This article originally appeared on The Real Deal. Click here to read the full story.

Todd Glaser, David Edelstein buying one of Palm Beach’s most-expensive estates for $160M

TRD Staff — Mon, 26 Oct 2026 19:59:02 +0000

Two spec mansion developers are buying one of Palm Beach’s priciest residential properties to tear it down. Todd Glaser and TriCap’s David Edelstein plan on buying one of Palm Beach’s priciest residential properties for redevelopment. They are under contract to pay $160 million for 911 North Ocean Boulevard, the Wall Street Journal reported. That’s just under the island’s record, set by luxury car dealer Michael Cantanucci, who paid $170 million for his estate in 2023. Late developer and philanthropist Murray Goodman and wife, Joanie, listed the property at 911 North Ocean Boulevard for $185 million late last year. The family […]

This article originally appeared on The Real Deal. Click here to read the full story.

Mill Creek brings multifamily project to fast-growing Pompano Beach

Grace McClung — Mon, 26 Oct 2026 19:30:00 +0000

Mill Creek Residential wants to rezone a chunk of a Pompano Beach car dealership to make way for mixed-income apartments and commercial space. MCRT Investments, an affiliate of the Boca Raton-based multifamily development firm, filed an application with the city to rezone a portion of the site at 855-909 South Federal Highway from general business to planned development-infill, according to city documents. Pompano Beach’s planning and zoning board will consider the rezoning request Oct. 28. Mill Creek plans to redevelop 4.1 acres of the 6.5-acre Gunther Volkswagen Pompano Beach into an eight-story apartment complex called Modera Pompano Beach. Plans for […]

This article originally appeared on The Real Deal. Click here to read the full story.

E11even developer Marc Roberts fires off anti-Muslim email urging Floridians to protest Islamic centers

Francisco Alvarado — Mon, 26 Oct 2026 16:07:51 +0000

Marc Roberts, a real estate investor behind Miami’s E11even-branded condo towers, is bitterly anti-development when it comes to Islamic centers. Roberts recently circulated an email urging recipients to pressure Florida Gov. Ron DeSantis to block Islamic centers, warning that such projects would attract people “violently opposed to our biblical worldview.” The Oct. 21 mass email, which included a reporter at The Real Deal, targeted purportedly approved religious centers in Delray Beach, West Palm Beach, Loxahatchee and Vero Beach. Roberts called on recipients to contact the governor’s office and their mayors to stop construction. “Do we want to end up like […]

This article originally appeared on The Real Deal. Click here to read the full story.

Mr C Boca developers Wexford and Key seek approval to upsize units

Alissa Gary — Mon, 26 Oct 2026 15:00:00 +0000

Wexford Real Estate Investors and Key International are advancing their Mr. C-branded Boca Raton condo after completing a 50 percent pre-sellout. The developers are seeking city approval to reduce the number of units by 57, increase the size of the building and its parking garage, and secure 6,000 square feet of restaurant space, among other asks that would bring the project’s approval up to speed with the developer’s upscale plans. Wexford and Key previously planned a 190-unit building before partnering with the Cipriani family’s Mr. C brand. The number of planned units were cut to 133 — a request the […]

This article originally appeared on The Real Deal. Click here to read the full story.

Jupiter waterfront mansion designed for Céline Dion trades for $13M

Alissa Gary — Mon, 26 Oct 2026 14:30:00 +0000

A waterfront mansion in Jupiter built in the 1990s for singer Céline Dion traded hands for $12.5 million. Local investor Myron Miller bought the house at 370 Eagle Drive for $847 per square foot. The seller was an entity registered to Edward St. John, founder of Baltimore-based St. John Properties. The deal was done off-market, though it was offered at $20 million in June, according to a post by seller’s agent Rob Thomson of Waterfront Properties. The house last sold for $7.6 million in 2021, meaning its price increased 64 percent over five years. The 14,750-square-foot home sits on a […]

This article originally appeared on The Real Deal. Click here to read the full story.