The development will take place over five phases and several years and is projected to have a completion value of approximately $1 billion. Groundbreaking is slated to begin in 2024.
Blue Osceola Apartments, LLC, an affiliate of Miami-based Waterstone Capital, acquired the property from an undisclosed seller for $11.45 million.
Other phases of the development will include a mixed-use tower with 550 Class-A apartment residences and a boutique hotel. Complementing the development will be retail and restaurant spaces, structured parking garage and a waterfront activity plaza with green space.
The project has broken ground with completion scheduled for Q1 2020. CLICK ON THE HEADLINE FOR MORE
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