Florida’s real estate market is experiencing a surge in development, with significant commercial and residential projects progressing across the state. From luxury waterfront communities to affordable housing initiatives and retail center acquisitions, the Sunshine State is seeing robust activity.
Luxury Living Takes Shape in Jupiter
Forté Development has secured a $60 million construction loan for Forté Luxe, a high-end waterfront community in Jupiter. This project features 17 multi-level residences with expansive water views, private boat slips, and resort-style amenities. Completion is anticipated in summer 2026, with residences priced from $3.975 million to $8 million.
Affordable Housing Solutions Expand
Housing Trust Group (HTG) has completed Riverview6, an 80-unit affordable housing community in Bradenton, near Tampa. This development offers one, two, and three-bedroom units at below-market rents, with monthly rates starting at $605. HTG also recently completed Astoria on 9th, an affordable senior housing community in the same area, underscoring a commitment to addressing the growing demand for accessible housing options.
Mixed-Income Development Near Tampa
Alexander Goshen and Avanti Residential are partnering on Walden Pond, a $30 million mixed-income multifamily community in New Port Richey, near Tampa. The project will feature 125 rental apartments, with a focus on environmental sustainability and flood-resilient design. Groundbreaking is planned for early 2026, pending final approvals.
Retail Landscape Evolves in Ocala
CBL Properties has acquired the Paddock Mall in Ocala, a significant retail transaction for the region. The mall, spanning approximately 550,000 square feet, is home to over 90 stores and restaurants. CBL Properties has not yet announced specific future plans for the site.
Commercial Redevelopment in South Florida
Current Capital Real Estate Group has acquired the County Line Shopping Center in north Miami-Dade County for $33 million. The new owner is reportedly in discussions regarding potential redevelopment of the 166,485-square-foot shopping center, signaling a shift in the commercial real estate landscape.
Key Takeaways
- Florida’s real estate sector is active with diverse projects, from luxury to affordable housing.
- Significant investment is flowing into both residential and commercial developments.
- Developers are focusing on waterfront properties, affordable housing solutions, and revitalizing retail centers.
- Partnerships between development firms and investment groups are driving new projects.
Sources
- Current Capital Real Estate Group acquires South Florida shopping center, CoStar.
- Housing Trust Group Completes $34 Million Affordable Housing Community in Central Florida, citybiz.
- Forté Development Secures $60 Million Construction Loan for Forté Luxe, A Luxury Waterfront Community in
Jupiter, Florida, citybiz. - Alexander Goshen and Avanti Residential Partner on Walden Pond Multifamily Development Near Tampa, Florida |
citybiz, citybiz. - CBL Properties acquires Ocala’s Paddock Mall in major retail real estate deal, 352today.