SUNNY ISLES BEACH, FL-Sayan will include 90 units on 30 stories located at 16275 Collins Ave. with pre-construction prices starting at $467,000. Construction is set to begin in October.
MIAMI-Nichols, Brosch, Sandoval & Associates is the designer of Quantum on the Bay, a 750-unit, two-tower, $90-million luxury condominium project set to break ground at the end of the year in downtown.
FORT LAUDERDALE, FL-The company is developing the multi-building Las Olas River House condominium tower project next door with Richard D. Zipes. The lease is valued at about $500,000.
MIAMI-Grouper Financial Inc., a development company based here, is buying the former Burger King world headquarters from New Cutler Bay Corp. and plans to rename it Palmetto Bay Village Center and lease it out.
PARKLAND, FL-The multimillion-dollar project is part of the Bonita Springs-based developer's Parkland Golf & Country Club, which will also include 700 single-family homes and other amenities. Prices for the residences range from the $400,000s to approximately $5 million.
FORT LAUDERDALE, FL-The large project mechanical contractor is taking 20,135 sf in the Lakeshore III building here. In the move, the company is consolidating its nearby existing offices and expanding.
PLANTATION, FL-The AFL-CIO Building Investment Trust acquired the 376-unit luxury apartment community here, while Greystar Capital Partners acted as adviser to the seller. The property was developed eight years ago by Gables Residential of Boca Raton.
MIAMI-Thomas Jermoluk of Hyperion Development Group says Blue, a 36-story, 330-unit condominium tower set to break ground this month, "is just the first of many spectacular properties to come.
CORAL GABLES, FL-The real estate company, based here, had an increase in revenue for the quarter and the half, compared with the same periods in 2002. The net income of $1.745 million for the first half of this year was an improvement, compared with the $985,000 net loss for the same time last year.
MIAMI-The vacancy rate rose in the last 12 months and is expected to increase by the middle of next year as well. Meanwhile, 15,000 new units are expected to come online in 2003 and 2004. However, the rise in vacancy is not expected to last long, as employment grows stronger.