Downtown West Palm Beach continues to evolve as one of South Florida’s premier business destinations. West Palm Point adds to that momentum, bringing a new generation of Class A office space to the city’s rapidly growing commercial core. The 25-story West Palm Point office tower has resumed the permitting process, according to TheRealDeal, marking a significant milestone for the long-anticipated development at 850 South Quadrille Boulevard. Designed by Pelli Clarke & Partners, with Nichols Architects serving as Architect of Record,…

Yesterday, the Mira Mar team gathered on South Palm Avenue to mark the official start of construction — a milestone moment for Sarasota and for everyone who has been part of bringing this vision to life. The project is one of the most meaningful we’ve taken on. At its heart is the restoration of the historic Mira Mar Hotel — Sarasota’s first major downtown hotel, built in 1922 — reimagined as a retail destination under the care of historic preservation…

Related Group and Merrimac Ventures secured a $160 million construction loan for their Waldorf Astoria Residences Pompano Beach condo development. Arkansas-based Bank OZK (NASDAQ: OZK) provided the mortgage to the developers for the 28-story project at 1350 S. Ocean Blvd. with 90 condos branded by Hilton. The developers broke ground on the 1.71-acre site in April, so this loan will help them carry it through completion. The developers said 70% of the condos at Waldorf Astoria are pre-sold. Generally, when a condo exceeds…

Congratulations to Mill Creek Residential on the start of preleasing at Modera Riverside, a key new residential development in the heart of the Miami Riverside Center master plan. Designed by Nichols Architects, the 36-story high-rise brings 428 homes and over 4,000 square feet of retail to a transit-rich site at the edge of Brickell, Downtown Miami, and the Miami River District. With a Walk Score of 93 and a Transit Score of 100, the building was envisioned as a central…

The Sarasota Planning Board recommends Comprehensive Plan and Rezoning approval for a plan to build new condo towers and preserve the Mira Mar building. During the city’s presentation of the quasi-judicial hearing, Long Range Planning Director David Smith cited points of opposition mostly related to the zoning creep precedent, a gradual movement of the permitted Downtown Bayfront into Downtown Core, which limits height to 10 stories and density to 50 units per acre. At 70 condos, though, Seaward countered the…