13th Floor Homes Delivers Solera at Avalon Trails Active-Adult Community in Delray Beach

As demand for premium rental housing among the active-adult community grows in South Florida, 13th Floor Homes, the homebuilding division of 13th Floor Investments, has completed its newest build-for-rent community in Delray Beach, Florida. Now welcoming residents and already more than 50% leased, Solera at Avalon Trails includes 74 single-story villas located at 14800 Cumberland Drive in the West Delray Beach area of Palm Beach County.

Located within the Avalon Trails active-adult community, Solera at Avalon Trails offers an unparalleled lifestyle for adults aged 55+ seeking luxury rental housing in an amenity-focused, gated community. Homes include two- and three-bedroom floorplans measuring between 1,300 to 1,450 square feet in size, with high-end contemporary features and finishes like quartz countertops, shaker-style wood cabinetry, energy efficient stainless-steel appliances, spacious primary suites, and impact-resistant windows and doors. Monthly rental rates range from $3,400 to $4,000.

“The completion of Solera at Avalon Trails is a significant step in meeting the growing demand for high-quality 55-plus housing in South Florida,” said Mike Nunziata, Division President of 13th Floor Homes. “Today’s active adults are living longer and seeking maintenance-free, resort-style living, and Solera delivers just that. With luxurious homes and a wide range of amenities, this community offers active adults a vibrant, carefree lifestyle. We're excited to provide a solution that aligns with the needs of the region’s expanding active-adult population.”

Solera at Avalon Trails offers an extensive amenity program designed for active adults to live a more sociable and engaging lifestyle. Residents can enjoy the community’s state-of-the art amenity campus inclusive of a clubhouse with a fitness center, card rooms, café, arts and crafts room, and theater. The amenity campus includes a a resort-style pool, lap pool, pickleball and tennis courts. The community’s activities coordinator curates a weekly schedule full of activites for all interests.

The opening of Solera at Avalon Trails comes at a time when demand for active-adult rental housing is on the rise in South Florida. Delray Beach, known for its appealing coastal lifestyle, was recently named one of the top 10 places to retire in Florida by Southern Living.

Located in South Florida’s Palm Beach County, Solera at Avalon Trail’s prime location is a distinguishing feature that sets the neighborhood apart from the other 55+ communities and speaks to 13th Floor’s keen understanding of the active-adult market. Located moments away from Downtown Delray Beach and the South Florida coastline, the community is proximate to a variety of nearby arts, culture, and entertainment destinations, and is conveniently situated between Fort Lauderdale and West Palm Beach.

Solera at Avalon Trails is among 13th Floor Homes' newest communities in South Florida. With over 1,100 homes and 3,500 homesites developed across the region in the last decade, the firm’s portfolio of active developments includes two build-for-rent communities in Port Saint Lucie – the 220-unit Villas of Torino and the 126-unit Tredici at Central Park; and Marina Landings, 34 luxury single-family homes for sale in Fort Lauderdale. The firm also has plans to develop The Reserve at the Woodlands, a 335-home community in Tamarac.

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Rieber Developments Breaks Ground on 12|12 Aventura in the Aventura Health District

Aventura-based Rieber Developments has announced the groundbreaking of 12|12 Aventura, a 10-story complex comprising of a 30,000-square-foot gourmet marketplace and food hall, 25,000 square feet of offices, a 160-residence luxury senior residential component, and a structured parking garage, all with interiors designed by Interiors by Steven G.

The Arquitectonica-designed mixed-use project and its sister development Ivory 214, a medical and professional office building accompanied by a Tapestry Collection by Hilton™ hotel, will both serve as the epicenter of a planned ‘Aventura Health District.’

12|12 Aventura is nestled near a designated ‘medical office district’ which includes many of Aventura’s leading medical facilities. The $100 million project is also surrounded by 300 medical and professional practices and services, including Aventura Hospital, one of the only two facilities in Miami-Dade County with the designation of a Level II trauma center.

The centrally located development is also situated less than a mile away from Aventura Mall and from major thoroughfares including US 1, I-95, and the Florida Turnpike. With its own vibrant Chelsea Market-style food hall on the ground floor, 12|12 Aventura is uniquely positioned to serve the local community and guests alike a designation for shopping and dining.

“Breaking ground on 12|12 Aventura is a significant milestone for us, especially in these challenging times,” said Bernardo Rieber, principal of Rieber Developments. “Our philosophy in creating this project has always been to bring something new and unique to the neighborhood, melding community, culture, health, and wellness to benefit the area. We are extremely proud to move one step closer to delivering this project, and furthering the Aventura Health District.”

Cervera Real Estate is the exclusive brokerage for 12|12 Aventura’s office condos, forty percent of which are already sold and under contract. Construction is being led by Winmar Construction, an affiliate of Coastal Construction. The development is expected to be completed in 2022.

By Isabella Zimmermann

Coral Rock Development Group & Arena Capital Holdings Acquire Prospect Towers in Clearwater For $13.5 Million

The Miami-based Coral Rock Development Group and Arena Capital Holdings have acquired Prospect Towers, a downtown Clearwater, Florida senior living high-rise for $13.5 million. Well-positioned in an Opportunity Zone, the 17-story, multifamily building is located at 801 Chestnut St. and is comprised of 208 independent senior living units. Situated within close proximity to the Intracoastal Waterway and Memorial Causeway, the property is set on 2.3 acres and boasts a compelling unit mix of efficiencies and one-bedroom floor plans. Full-service amenities include a recreational room, library, business center, gym, and community kitchen, while each residence features expansive wall-to-wall windows with exceptional views of the Gulf Coast beaches, downtown Clearwater, and the surrounding area.

Coral Rock Development Group and Arena Capital Holdings plan to jointly upgrade the aesthetics of the common areas throughout the property as well as enhance the interiors of a portion of select units. Innovation Senior Management will manage operations of the building on behalf of the owners, and will also implement new services for residents including home health and physician visits, and educational and social programs to enrich the overall living experience.

“We are very pleased to expand Coral Rock’s footprint with the acquisition of Prospect Towers, the second asset that we own and operate in partnership with Arena Capital Holdings,” said Stephen Blumenthal, principal of Coral Rock Development Group. “This acquisition aligns with our growth strategy and further strengthens our ownership presence in the state of Florida and we look forward to providing residents with a value-add program and building upgrades throughout.”

“We are continually seeking investment opportunities within prime Florida locations and Prospect Towers is an exciting addition to our growing portfolio,” added Oscar Rodriguez, Manager of Arena Capital Holdings.