Florida’s real estate market is experiencing a significant boom with multiple major construction projects, substantial leasing deals, and key property sales announced across the state. From luxury condominiums in Miami to industrial logistics centers and retail properties in Naples, the Sunshine State continues to attract significant investment and development.
Miami Condo Development Underway
In Miami, Russell Galbut has broken ground on the 31-story, 14 Roc condominium project. Meanwhile, Constellation Group and The Boschetti Group have secured a $67.5 million construction loan for Cora Merrick Park, a boutique residential condominium in Coral Gables focused on wellness. This 74-residence project, designed by Arquitectonica with interiors by Urban Robot, is slated for completion in 2028 and aims for WELL certification, featuring advanced wellness amenities and a rooftop padel court.
Industrial Lease in Jupiter
Woodmont Industrial Partners, in collaboration with The Butters Group, has finalized a seven-year lease for 129,000 square feet at the Corporate Logistics Center in Jupiter, Florida. Alaris Aerospace Systems will occupy the space, utilizing its modern infrastructure and strategic location near major transportation hubs for warehousing and distribution. This deal highlights the strong demand for high-quality industrial properties in South Florida.
Naples Retail Transactions
The Naples area has seen notable activity in the retail sector. A private investor acquired a one-story retail property at 4525 Thomasson Drive for $6.6 million. Additionally, Berkshire Place, a fully leased one-story retail building located at 7335 Radio Road, was sold for $9 million.
Sources
- Russell Galbut breaks ground on 14 Roc condo in Miami, The Business Journals.
- Constellation Group and The Boschetti Group Secure $67.5 Million Construction Loan For Cora Merrick Park —
PROFILEmiami South Florida Real Estate and Lifestyle, PROFILEmiami. - Woodmont, Butters Group lease 129,000 sq. ft. in South Florida to Alaris Aerospace Systems – Real Estate NJ, RE-NJ.
- Naples, Florida, retail property sells for $6.6 million, CoStar.
- Berkshire Place sells fully leased in Naples, Florida, CoStar.