Continuum Company Breaks Ground on La Baia North in Bay Harbor Islands

Continuum Company has officially begun construction on La Baia North, a 57-unit luxury condominium in Bay Harbor Islands. The development, expected to be completed by 2027, follows the success of the fully sold La Baia South. La Baia North, already 60% sold, will feature spacious two- to four-bedroom units starting at $1.4 million, with waterfront views of Biscayne Bay, Miami Beach, and Downtown Miami. Designed by architect Luis Revuelta, the eight-story condominium emphasizes modern luxury, with a range of resort-style amenities and private boat slips.

"Breaking ground on La Baia North marks a pivotal moment for Bay Harbor Islands, an area with immense untapped potential," said Ia Bruce Eichner, Chairman and CEO of Continuum Company. "This project demonstrates our commitment to development in this thriving community.  La Baia North will set a new standard for waterfront living, blending the neighborhood’s unique character with modern sophistication.” 

The development is strategically located near popular attractions such as Bal Harbour Shops and Miami's beaches. Each unit offers expansive layouts with terraces, catering to both luxury and convenience. The interiors, curated by Durukan Design, will feature European wide-plank wood flooring, custom kitchens with Miele appliances, and high-end finishes throughout.

La Baia North also boasts over 20,000 square feet of amenities, including a rooftop deck with a splash pad, a fitness center, heated spas, and a sunset lounge with a fire pit. Additional amenities include kids' play areas, a rooftop grill station, and water sports facilities. Residents will have access to a 24/7 concierge, valet services, and a full-time property manager for added convenience.

With strong pre-sales and an attractive location, La Baia North is expected to contribute to the ongoing transformation of Bay Harbor Islands as a prime waterfront destination.

Renderings and photos via Continuum Company

For more information about La Baia North or to inquire about purchasing a unit please fill out the form below:

Regency Development Group Breaks Ground on Luxury Condo in Bay Harbor Islands

Regency Development Group has broken ground on the Signature Collection, the first of three luxury buildings in the La Maré Brand Collection, a high-end residential development in Bay Harbor Islands, Florida. Comprising nine waterfront residences ranging from 2,200 to 4,300 square feet, the Signature Collection marks the initial phase of this premium project. Regency Development, a family-run company from Chicago with over 20 years of experience, is making its first foray into South Florida with this project, which aims to bring tropical luxury living to a prime waterfront location.

Michael Troyanovsky, Managing Partner at Regency Development, expressed excitement about the project’s milestone. “La Maré offers the key amenities residents are looking for, including boat slips, all in an unrivaled location," said Troyanovsky. The Signature Collection is set along a beautifully landscaped bayfront shoreline, providing residents with direct access to the water and offering a unique blend of city life and natural serenity.

Located at 9781 East Bay Harbor Drive, the Signature Collection features modern architecture designed by Kobi Karp and interiors by Debora Aguiar Arquitetos. Each residence includes expansive floor plans, floor-to-ceiling windows, private terraces with bay views, and a secure elevator system that provides direct access to units. Kitchens will be custom-designed by Poliform, featuring stone countertops and Miele appliances, while the primary bathrooms will offer dual showers, deep-soaking tubs, and Antonio Lupi fixtures.

In addition to its luxurious living spaces, the Signature Collection offers a range of high-end amenities. Residents will have access to a marina with four boat slips, accommodating vessels up to 45 feet, a rooftop pool deck with a jacuzzi, outdoor kitchen, and lounge area. Other amenities include a fitness center, spa facilities with a steam room and sauna, and bayfront lounge areas. Water activities will also be available for residents to enjoy.

With prices starting at $3 million, the Signature Collection represents an exclusive opportunity to live in one of South Florida’s most sought-after locations. Construction of the Signature Collection is expected to be completed by early 2026. Douglas Elliman Development Marketing is overseeing sales for the project.

La Maré’s development marks a significant addition to the Bay Harbor Islands community, bringing a fresh perspective on waterfront living with luxury design and thoughtful amenities.

SOLINA BAY HARBOR BREAKS GROUND AT 50% SOLD

The boutique condominium development Solina Bay Harbor has broken ground after reaching a 50% sales milestone within six months. Located at 1055 93rd Street in Bay Harbor Islands, the project is set to offer a collection of high-end residences with a completion date projected for Q4 2025.

Solina Bay Harbor will feature nine residences, including two penthouse villas. The units range from 1,400 to 2,600 square feet, with options for two, three, and four bedrooms. The development emphasizes privacy, offering one to two units per floor, and includes amenities such as a pool with a summer kitchen, a fitness center, a courtyard, and covered parking. Prices for the units start at $1,699,000.

The design team for Solina Bay Harbor includes CLA+D, Pliskin Architecture (PANYC), and FAB314, with sales and marketing efforts managed by Powered by DMT in partnership with The INSIDE Network.

Alyssa Soto Brody, Co-Founder, Powered by DMT. “The development’s blend of exclusivity, modern design, and prime location in Bay Harbor Islands has resonated strongly with local and international buyers looking for a luxury home in South Florida. This global interest speaks to the unique appeal of the building and the quality of life it offers.”

RedHoek+, the firm behind the development, is expanding its presence in South Florida after experiencing growing interest in the region, particularly from both local and international buyers. This marks the firm's second project in Bay Harbor Islands, following the success of its initial venture in the area.

Construction Begins on Ultra-Luxury Rivage Bal Harbour Condominium Development

Construction has officially begun on Rivage Bal Harbour, a new ultra-luxury condominium project located in one of South Florida’s most exclusive communities. The project is a collaboration between Related Group, Rockpoint, and Two Roads Development, with architecture by the renowned firm Skidmore, Owings & Merrill (SOM) and interiors designed by Rottet Studio.

Set between the Intracoastal Waterway and 200 feet of oceanfront, the development will offer 56 high-end residences, designed to blend modern luxury with South Florida’s natural beauty. The homes, referred to as “sky villas,” will range from 3,300 to nearly 13,000 square feet, providing features akin to a single-family home, including in-unit elevator access and private parking garages. Each residence will also have expansive terraces offering direct views of the ocean and Biscayne Bay.

The design incorporates open-concept floor plans, with custom kitchens featuring Sub-Zero and Wolf appliances and high-end Italian finishes in bathrooms and closets. The development aims to appeal to luxury buyers seeking an elevated living experience in Bal Harbour, a community known for its exclusivity and proximity to the Bal Harbour Shops.

Amenities at Rivage are extensive, with over 25,000 square feet dedicated to wellness and recreation. These include a fitness pavilion, hammam spa with hot/cold plunge pools, private treatment rooms, and outdoor pickle and paddle ball courts. For more relaxed pursuits, residents will have access to private dining services, a cocktail lounge, a VR game simulator, and a kids’ playroom. In addition, resort-style services such as a 24/7 residential butler and concierge will be available.

The project is expected to be completed in 2027, with construction managed by Coastal Construction Group. According to the development team, Rivage aims to offer an exclusive residential option in the supply-constrained Miami market, meeting growing demand for high-end properties in the region.

Douglas Elliman Development Marketing (DEDM) is handling the sales for Rivage Bal Harbour, which is positioned to attract buyers seeking luxury living in one of South Florida’s most sought-after locales.

“Bal Harbour is undeniably one of South Florida’s most iconic neighborhoods, and this property will raise its profile even higher,” said Jon Paul Pérez, Related’s President. “With a once-in-a-generation location, stunning design and five-star service, Rivage offers a rare opportunity for the world’s most elite buyers. We are proud to begin construction on a property that not only honors Bal Harbour’s glamorous history but also delivers an unparalleled living experience.”

Since its founding in 1929, Bal Harbour has been a favored destination for affluent residents and visitors, offering close proximity to Miami Beach’s cultural landmarks while maintaining a reputation for privacy and exclusivity.

Revolutionizing New Development Sales: A Conversation with Tim Ng, Founder of Blackline

Blackline is a cutting-edge real estate sales platform designed to streamline new development sales through technology. Founded by industry veteran Tim Ng who has over 16 years of experience, the platform has already facilitated the sale of 80,000 units in Canada and is now expanding into Miami. Blackline offers tools like interactive floorplans, inventory management, and custom reporting, helping developers and sales teams work more efficiently and make data-driven decisions.

Give us your background, how did you get involved in the real estate industry?

I come from a real estate family… literally. Both my parents were in the industry on the brokerage and developer side, so it’s been a part of my life for as long as I can remember. Watching them navigate the market and sell real estate was an inspiration and it felt natural to follow in their footsteps. What I didn’t want to do was go the traditional route. I wanted to combine my passion for technology with real estate. So 16 years ago, straight out of university, I started our parent company, Adhoc Studio, which focused on creating award-winning renderings and building interactive sales gallery software.

Why did you decide to set out on your own to launch a real estate software?

Working closely with developers and sales teams for over 16 years, I saw firsthand the challenges and inefficiencies within the new development sales and marketing process. These experiences sparked my interest in finding solutions that could streamline operations and create efficiencies that will bring this segment of the industry into the digital age. My process for the research phase was anything but Adhoc. I conducted focus groups with industry change-makers and thought leaders, and after a year of listening and understanding the needs of my future clients, I realized what we can offer is going to be a game-changer.  

Tell us about Blackline? Who is it for and what services does the Blackline offer? 

Blackline is an industry-leading sales platform built to accelerate new development sales. Ideal for developers, sales agencies and brokerages, the platform brings a very antiquated process of new development sales into the digital age. Utilizing robust features like the interactive floorplan module, inventory management, custom reporting and suite stacking plans enables our clients to sell faster and more efficiently, resulting in higher profits and data driven insights.

What inspired you to expand Blackline to Miami? What factors did you consider when choosing Miami as the next market for expansion?

After establishing Blackline as a market leader selling over 80,000 units across Canada on the platform in our first 4 years, I wanted to strategically expand to the US. South Florida, particularly Miami fit the bill as their sales and marketing programs are similar to Toronto. Additionally, Miami’s dynamic and diverse real estate landscape, combined with the lifestyle appeal of condo living, made it an ideal entry point that aligned with our mission to provide cutting-edge tools that meet the needs of a fast-paced, evolving market.

What value does Blackline add for the developers and sales teams?

The Blackline platform combines innovation and sophistication to deliver features developers and sales teams can utilize to propel their new development sales programs. From the realtor portal to writing up final contracts, everything is branded and customized to the specific project. The platform has been built for realtor engagement, maximizing operational efficiency while also capturing the highest revenue. By using Blackline, clients also get access to real-time insights on their projects that show demand, activity and over 100 reports that can help inform them in making data-driven decisions. This data can help inform marketing strategies and planning of multi-phased selling programs. With all the tools you need, developer and brokerages save time and money while maximizing revenue.

How has the software evolved since you first launched? What new features or services can users expect in the near future?

Part of our corporate mission is to always be innovating. We stay closely connected to industry trends and experts to inform us of new pain points and the evolving needs. We recently launched two new features, Blackline Cast and Blackline Realm. Both cater towards enhancing the experience for realtors and buyers in sales galleries and tie into the Blackline software seamlessly. At the five year mark for the company, we are working to launch Blackline V2 which will have a lot more customization and control for clients while further creating efficiencies for their sales programs. Also, we are excited to be working on building a CRM into the platform which will make Blackline a front to back, full-service solution for New development sales.

What sets Blackline apart from other real estate sales software or CRM systems? 

We pride ourselves on Blackline being a platform that is built for the industry, by the industry. We spent over a year meeting with leading developers and sales companies to deeply understand the complexities, needs, and pain points of the sales and marketing process. Our mission was clear: to digitize and streamline the manual processes that sales teams, realtors, contract administrators, and marketing teams handle daily, making their workflows more efficient and seamless. 

How do you plan to integrate Blackline into the Miami market and what unique opportunities do you see there?

Miami is an exciting market right now. With the plethora of branded residences and high profile projects, Blackline is ideal for developers looking to maintain brand value through the sales process while being efficient and easy to use. Our platform is being utilized by CMC Group and Fort Partners for the Four Seasons Coconut Grove and we are excited to have other branded residences adopt the platform for their sales programs.

What challenges do you anticipate facing when expanding Blackline to Miami and how do you plan to overcome them?

The localized nuances of a new market will always be one of the biggest challenges. Each real estate market has a tried and true way of doing things and not everyone is open to change. Blackline also has an educational component to understanding how it can take your sales program to the next level. The challenges we face right now are trying to introduce it on a large scale to the Miami industry players. We’ve been fortunate to develop close relationships and align with some of the industry’s top sales and marketing leaders early on in our expansion and they have been mentors to us providing their invaluable guidance as we expand into the South Florida market. 

You have built out quite a team at Blackline, tell us about the team and how you plan to expand in Miami?

Our product, engineering, and customer success teams are made up of seasoned vets who have been at the forefront of real estate technologies and innovation for the past 16 years. Many of our team members have firsthand experience working for developers and new development brokerages, so they truly understand the industry - we really ‘get it’. Before we decided to expand into the Miami market, we spent 6 months learning the local market - engaging with new development realtors, listening sessions with sales managers and contract administrators at sales galleries. We also have our team there monthly, meeting with developers and brokerages, educating about the product whenever possible and attending industry events to stay connected to our clients. 

How do you envision Blackline making a positive impact on the Miami community?

Miami is ready for change and I feel Blackline is perfectly suited to complement the current lineup of large residential projects in the pipeline. Miami real estate is also being watched on a global stage and using Blackline gives developer and sales team the ability to connect with clients anywhere, anytime. The ability for everyone involved with a pre-construction transaction (developer, sales team, outside realtor, purchaser, lawyer) to interact with a single ecosystem will streamline their experience, maintain brand value and result in a more efficient sales process. 

What long-term goals do you have for Blackline in Miami and beyond and how do you plan to achieve them?

Miami is a primary market we’re focused on in the US but we have our sights set on going global. There is a real appetite to integrate technology into the new development sales process and Blackline is suited ideally for those looking to accelerate their sales, achieve efficiency and make data driven decisions for their projects. We are offering a product that has proven itself with over 80,000 units sold on the platform and we continue to innovate to meet industry needs. Through targeted education of the product, and exposure from marquee projects looking to adopt the platform, we believe Blackline will soon become the industry standard for new development sales, not only in Miami but globally.

Related Group, BH Group and Partners Break Ground On The Residences at Six Fisher Island

Related Group, along with partners Teddy Sagi, BH Group and Wanxiang America RE Group, have officially broke ground on the Residences at Six Fisher Island, the highly anticipated residential tower set to rise within the country’s most exclusive community, Fisher Island. Situated on the final development site of the iconic 216-acre island, Six Fisher Island features just 50 bespoke residences spread across 10 stories. Coastal Construction is overseeing construction and completion is expected in 2026. The project is already 50% sold, having generated $500 million+ in sales, including two penthouses that sold for a total of $150 million, with sales overseen by Douglas Elliman.

“The groundbreaking of the Residences at Six Fisher Island marks a transformative moment for this historic island, being the first new development in over five years and one of its final luxury residential ventures,” said Nick Pérez, President of Related’s Condominium Division. “We’re incredibly honored to advance this landmark development, which offers a rare opportunity for buyers to secure a piece of Miami’s most coveted address. This project elevates the island’s esteemed legacy and establishes a new standard for Miami’s ultra-luxury market.”

With architecture by award-winning firm Kobi Karp Architects and interiors by renowned studio Tara Bernerd and Partners, each aspect of the building is designed to promote a seaside aesthetic that seamlessly blends signature Miami style with tasteful, tropical touches.

The 50 homes, ranging from three to eight bedrooms, are thoughtfully designed to offer the exclusivity of a single-family residence while providing the ease and convenience of condominium living. With soaring ceilings, expansive terraces and stunning panoramic windows, each residence offers a seamless indoor-outdoor experience and unparalleled water and city views. Residents will enjoy custom kitchens featuring Sub-Zero and Wolf appliances, dual walk-in wardrobes in the primary suites, and Tara Bernerd-designed bathrooms with elegant natural stone finishes. Each home also includes private elevator foyers, with select residences offering private pools and outdoor kitchens.

The project’s amenities enhance the five-star lifestyle that defines Fisher Island. With a collection of indoor-outdoor experiences along more than 1,000 linear feet of shoreline, residents have access to two separate, resort-style pool decks, complete with swimming pools, sunbeds, private cabanas and full-service bars. The oceanfront wellness facility offers dedicated spaces for cardio, Pilates, weight training, and yoga, while the full-service spa, with its saunas and treatment rooms, provides a retreat for total relaxation. Additional amenities include a virtual reality game room, multi-sport simulator, interactive children’s playground, as well as a variety of on-demand services, including a 24/7 concierge, a house car and private transportation on and off Fisher Island.

"We are thrilled to move one step closer to bringing world-class residences to Fisher Island, where luxury meets community in the most sought-after zip code on the East Coast,” remarked Isaac Toledano, Founder of BH Group. “The surge in pre-sales reflects the island’s prominence as a global destination, and reinforces the project’s dominance as the premier choice for discerning buyers seeking the pinnacle of luxury living.”

Fisher Island has long been seen as one of the most prestigious communities in both South Florida and the country. Island residents are granted a coveted lifetime membership to Fisher Island Club, which comprises a nine-hole golf course, 18 tennis courts, a 24,000-square-foot spa and state-of-the-art fitness center, a variety of dining options, a luxurious beach club and an expansive deep-water yacht marina.

For more information about The Residences at Six Fisher Island or to inquire about purchasing a unit please fill out the form below:

Moss Set To Lead Construction At One Thousand Group, Terra and Major Food Group's Villa Miami

Moss Construction will oversee construction of Villa Miami, a groundbreaking luxury waterfront development in Miami's Edgewater neighborhood. Set to break ground in the summer of 2024, Villa marks the first-ever collaboration between Major Food Group, David Martin’s Terra and One Thousand Group. Situated at 710 NE 29 St., Villa Miami will stand as a 56-story, 650-foot-tall architectural marvel. Envisioned by ODP Architects under the leadership of rising star Kurt Dannwolf, its distinctive copper color-cladded exoskeletal design is set to make Villa Miami an iconic tower on Miami’s Edgewater skyline.

“We’re thrilled to work with Moss Construction on another landmark project,” said David Martin, CEO of Terra. “Villa Miami meets the demand for a luxury condominium tower with full and half-floor vertical residences in a boutique environment. Terra has a proven history of enriching neighborhoods across South Florida and Villa will do the same for Edgewater.”

“Villa Miami is an elegantly stunning concept, and Moss is thrilled to be part of the Terra team once again. We eagerly anticipate the groundbreaking and the realization of this unparalleled residential experience which will change Miami’s skyline,” said Ed Baro, Executive Vice President of Moss.

The project’s interior design is led by Vicky Charles of Charles & Co., known for her work as former design director at Soho House and for commissions for the likes of Sony Music, Goop, George and Amal Clooney, Ashton Kutcher and Mila Kunis as well as David and Victoria Beckham.

Renowned landscape architect Enzo Enea is at the forefront of Villa Miami's green design, incorporating native plants seamlessly into the surrounding landscape. Moss Construction, under the guidance of Brett Atkinson, brings its wealth of experience, particularly in luxury high-rise developments, having successfully collaborated with David Martin’s Terra on recent projects like the topped-out Five Park Miami Beach set to deliver this year. Global structural design firm DeSimone—whose more than 10,000 building designs include the most recognizable high-rises in New York and Miami—will engineer the impressive structure.

Villa Miami will offer 72 exclusive full and half-floor residences, epitomizing vertical estate-style living with 360-degree water views. Residents will enjoy a plethora of amenities including Major Domo estate manager service, a rooftop helipad, poolside service, spa and wellness facilities, access to a branded beach club, and a fully serviced elevated pool deck. Additionally, the tower will boast an on-site MFG restaurant with private lounge spaces, offering residents preferred reservations, provisioning and access to at-home MFG chef services. Douglas Elliman is the exclusive sales and marketing partner for the project.

Renderings via Binyan Studios

For more information about Villa Miami Residences or to inquire about purchasing a unit please fill out the form below:

The Horizon Group Breaks Ground on 9900 West in Bay Harbor Islands

The Horizon Group, a prominent real estate developer with a significant portfolio in the New York City area, has commenced construction on 9900 West, a luxury residential project on South Florida’s Bay Harbor Islands. This boutique condominium development blends the allure of single-family home intimacy with the conveniences of elevated island life.

David Marom of The Horizon Group, highlighted the project's enduring appeal: "Our philosophy has always been to deliver projects that will stand the test of time, and we are proud to bring a property of this caliber to South Florida. The attention to detail in every aspect of 9900 West aims to redefine luxury living on Bay Harbor Islands."

Located at 9900 West Bay Harbor Drive along the Indian Creek waterway, 9900 West is a seven-story condominium desgined by award-winning Frankel Benayoun Architects. With only 23 residences, including four penthouses, the boutique building promises exclusivity and privacy.

The residences, which range from 1,202 to 3,206 square feet with prices ranging from $1.55 million to $5.5 million, offer seamless indoor-outdoor transitions with floor-to-ceiling windows and glass-encased terraces. Interiors, crafted by Craft Studio, feature European-style kitchens equipped with Miele appliances, Quartz countertops, and wine refrigerators, while primary suites have spacious walk-in closets and spa-inspired bathrooms.

9900 West integrates over 5,000 square feet of tropical gardens and serene water features, courtesy of Geomantic Designs. The rooftop, spanning 9,000 square feet, includes a Finnish overflow saltwater pool and spa, trellis-covered lounge areas, and views of the private ten-slip marina with access to Biscayne Bay and the Atlantic Ocean.

Residents will have access to a suite of personalized services, including an attended lobby and concierge, dockside pick-up and drop-off, a private entertainment suite with dining and catering facilities, a state-of-the-art fitness center and spa, and a custom wellness package. Additional amenities include a children’s playroom, dog grooming room and beach club membership.

“Bay Harbor Islands has always been a remarkable residential enclave naturally offering so many of the key elements that sophisticated residential buyers seek, it’s no surprise that 9900 West has experienced incredible demand as it continues to elevate the residential offerings on the island” said Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida.

The project is slated for completion in 2026. The 9900 West sales gallery is currently open at 1111 Kane Concourse, Suite 303, Bay Harbor Islands, managed exclusively by Douglas Elliman Development Marketing.

For more information about 9900 West or to inquire about purchasing a unit please fill out the form below:

TORTOISE ONE A NEW MIXED-USE PROJECT IN WEST PALM BEACH ANNOUNCES COMPLETION

West Palm Beach, renowned for its vibrant culture and coastal charm, is welcoming a new addition to its skyline with the completion of Tortoise One, a luxury mixed-use, multifamily development. Developed by Tortoise Properties, known for its expertise in creating exceptional real estate assets in South Florida, Tortoise One is set to redefine upscale living in the heart of the city.

Strategically located at 740 N Dixie Highway in the downtown corridor, Tortoise One comprises two eight-story towers housing a total of 264 residences. The development offers a range of living options, from studios to spacious one and two-bedroom apartments, designed to cater to the diverse needs of modern renters, including young professionals, families, and entrepreneurs.

Jake Geleerd, co-founder and CEO of Tortoise Properties, expressed his excitement about the project, stating, "Tortoise One embodies our commitment to innovative design and elevated experiences. We are thrilled to introduce this exceptional endeavor, which sets a new standard for luxury living in West Palm Beach."

Designed by MSA Architects with interiors by Builders Design and constructed by Verdex, each apartment at Tortoise One exudes refined elegance. Features include private balconies with sweeping views, wood-style flooring, floor-to-ceiling windows, and high-end kitchens with custom tile backsplash and stainless-steel appliances. Residents also benefit from amenities such as in-unit washer and dryer, smart thermostats, and keyless entry for added convenience and security.

The amenity program at Tortoise One is designed to cater to residents' diverse interests and lifestyles. From social clubrooms and fitness centers to rooftop pickleball courts and resort-style swimming pools, there's something for everyone. The development also features private workspaces, a pet washing area, and electric car charging stations, promoting sustainability and convenience.

Situated just minutes from Palm Beach Island, Tortoise One offers residents easy access to a plethora of dining, shopping, and entertainment options in downtown West Palm Beach. With transportation services like the Circuit connecting the property to the city, residents can explore with ease.

Crown Residential is managing the leasing of apartments at Tortoise One, while retail leasing is being led by Tortoise Realty Group.

Royal Palm Companies Secure $86 Million Financing for Tuscany Village

In a significant stride towards expanding quality residential options in Orlando, Royal Palm Companies led by Dan Kodsi and the Mattoni Group proudly announce the securing of an $86 million construction financing loan and the launch of Tuscany Village, a sprawling 420-unit multifamily complex set to enhance the Sanford area.

Strategically located at the southwest corner of State Road 46 and Upsala Road, Tuscany Village is poised to become a cornerstone community within Sanford, spanning 21 acres with seven four-story buildings. With construction slated to commence in the coming weeks and phased completion expected by 2026, the project is primed to transform the local residential landscape.

The acquisition of the development site at 4201 West First Street in June for $12.7 million laid the foundation for this ambitious venture. Financing for Tuscany Village has been secured through a partnership with City National Bank and Abanca USA, contributing $68 million in loans, and Origin Investments, providing $18 million in preferred equity. Notably, these financial arrangements feature floating interest rates without a rate cap, reflecting confidence in the project despite current economic uncertainties.

Royal Palm Companies, renowned for its innovative approach to real estate development since its inception in 1978, boasts a portfolio of $4.7 billion in developed, repositioned, and under-construction projects, including over 9,500 completed residential units. The collaboration with the Mattoni Group underscores the significance of Tuscany Village, leveraging their combined expertise to ensure the delivery of a top-tier residential community.

Despite challenges such as elevated interest rates, insurance premiums, and regional specifics like high concrete costs in South Florida, the decision to proceed with Tuscany Village reflects the unwavering commitment of Royal Palm and Mattoni Group to innovation, quality, and meeting the evolving needs of Florida's residents.

More than just a development project, Tuscany Village represents a future home for hundreds of families and individuals, meticulously designed to foster a vibrant and connected community. Royal Palm Companies and Mattoni Group are dedicated to bringing this vision to life, positively impacting the Sanford region and the broader Florida housing market.