Real Estate Development News - The Real Deal

Empira scores $111M construction loan for 310-unit apartment tower in Brickell

Lidia Dinkova — Thu, 22 May 2025 22:30:00 +0000

Empira Group scored a $111.3 million construction loan for a 310-unit apartment tower in Miami’s Brickell, The Real Deal has learned. The financing comes as construction loans and refinancings continue to flow in South Florida, despite higher interest rates and other economic headwinds. Empira, a Swiss firm that entered the Miami market three years ago, […]

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Wellington green-lights zoning changes for Mark Bellissimo’s mixed-use Marketplace project

Kate Hinsche — Thu, 22 May 2025 21:34:12 +0000

Developer Mark Bellissimo won approval for zoning changes that will allow him and his partners to build a boutique hotel, offices, condos, retail and restaurant space just across the street from his planned gated community, the Wellington. The mixed-use project, dubbed “the Marketplace” is said to be inspired by Palm Beach’s Worth Avenue and Greenwich, […]

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Multifamily developers win in state lawmakers’ zoning deregulation

TRD Staff — Thu, 22 May 2025 21:09:39 +0000

Texas lawmakers are clearing the way for new homes on old commercial sites. The Texas House of Representatives have approved a measure to allow apartments and mixed-use projects to be built along retail corridors and on office-zoned land without rezoning, the Texas Tribune reported. Senate Bill 840 aims to fast-track housing development by removing local […]

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Mast Capital, BH ramp up buyout of Coconut Grove condominium

Francisco Alvarado — Thu, 22 May 2025 19:33:04 +0000

Mast Capital and BH Group are teaming up to take over an older condominium building in Coconut Grove. An affiliate of Coconut Grove-based Mast, led by Camilo Miguel Jr., is under contract to purchase roughly a dozen units at Bayshore Park, a three-story condominium at 2545 South Bayshore Drive, sources familiar with the deals confirmed […]

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

Bexar County pitches $450M venue tax to fund Spurs arena

TRD Staff — Thu, 22 May 2025 19:00:00 +0000

A venue tax could be the next play in San Antonio’s high-stakes arena game. Bexar County officials are weighing a potential referendum to raise $450 million to support the city’s push for a new downtown arena for the San Antonio Spurs, the San Antonio Business Journal reported. Creating the countywide venue tax would require voter […]

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Miami board approves 328-unit Live Local Act tower in Edgewater

Lidia Dinkova — Thu, 22 May 2025 18:39:52 +0000

A developer scored approval for a 328-unit Live Local Act project in Miami’s Edgewater, amid a flurry of proposals under the state’s affordable and workforce housing law. Gonzalo Espinosa, through an affiliate, plans the 36-story Sense 22 apartment tower on a 0.7-acre assemblage at 114, 124, 128 and 138 Northeast 22nd Street, according to an […]

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Dallas lines up $1B bridge loan for convention center redo

TRD Staff — Thu, 22 May 2025 18:17:09 +0000

Dallas’ bid to stay in the big leagues of convention destinations could start with a massive bridge loan. The city is seeking $1 billion from JPMorgan Chase to keep its massive convention center redevelopment on track ahead of the 2026 World Cup, the Dallas Business Journal reported. City officials and Inspire Dallas, the group leading […]

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Developer proposes 57 townhouses in West Kendall

Lidia Dinkova — Thu, 22 May 2025 15:13:11 +0000

A developer proposes 57 townhouses in West Kendall, amid a flurry of applications for projects on sites in suburban Miami-Dade County. The West Kendall Townhomes project is proposed for the 4.6-acre site on the northeast corner of Southwest 88th Street and Southwest 167th Avenue in unincorporated Miami-Dade County, according to an application submitted early this […]

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$70M pro soccer complex to open door to development in Garland

TRD Staff — Wed, 21 May 2025 22:37:09 +0000

A suburb northeast of Dallas may soon be home to a pro soccer field. Garland is considering a $70 million public investment in a soccer complex, the Dallas Business Journal reported. Officials aim to lure a United Soccer League franchise while opening the door for long-term mixed-use development. Plans for the complex call for up […]

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Union beef blocks Onni’s $1.1B multi-tower apartment plan

TRD Staff — Wed, 21 May 2025 20:35:59 +0000

Onni Group’s $1.1 billion apartment proposal is facing headwinds in Chicago’s River West, not over zoning or density, but labor. The Service Employees International Union Local 1 is pushing Onni to sign a labor agreement that would make it easier for the union to organize janitorial, security and door staff at the company’s Chicago properties, […]

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