MIAMI-The planned 28-unit, three-story, 80,000-sf Parc Lofts in the city's performing arts district will offer 1,500-sf to 4,200-sf units from $275,000 to $1 million in a 47-year-old industrial building that formerly housed an electric company and the Miami Public School Board.

ORLANDO-The planned 440-acre Groveland, FL community is in the boondocks of south Lake County and will take seven years to complete, but developer Dan Hessburg tells GlobeSt.com half of the planned 466 lots for single-family homes, townhomes, flats and offices are already sold.

ORLANDO-The Charlotte-based utility firm says it is abandoning the 360-acre project in Eustis, FL because the Florida Legislature didn't approve a bill this year allowing electric merchant providers to build plants that use natural gas. The site is 30 miles northwest of Downtown Orlando.

MIAMI-The Boca Raton, FL-based firm's Capitol Development of Arkansas Inc. has paid its secured creditors a total $7 million in lieu of a reorganization plan, Michael Todd, a Capitol Communities principal, tells GlobeSt.com.

MIAMI-The 35-story, 399-unit South Beach tower, being converted to condominiums from apartments, is getting a professional with 10 years experience in real estate development and financing.

MIAMI-Developer Jason Robertson is pricing the 107 units at 320 NE Second St. from $170,000 to $350,000, with 11th story penthouses from $500,000. The NoLaLofts project name is an acronym for North of Las Olas Boulevard.

MIAMI-The 24-month, $30.325 million construction loan on the planned 16-story, 139-unit Downtown Fort Lauderdale, FL project has an interest rate at prime plus 1.25% with monthly interest-only payments required until the balance is due. Loan-to-value ratio is about 80%. Other lenders competed for the loan business.

ORLANDO-Consultants Robin L. Webb of Winter Park, FL and Sheldon Greene of Miami tell GlobeSt.com concerns by the Orlando/Orange County Convention & Visitors Bureau that about one million sf of planned new hotel meeting space won't be filled because of a sharp drop in existing business travel volume are largely unfounded.