Omni Mixed-Use Project to Have 42 Micro Dwellings
Wynwood Haus LLC, a Florida-based real estate developer, is planning to build a 20-story mixed-use tower in Miami’s Omni neighborhood. If approved, the 272,996 square-foot tower would ultimately contain 224 residential units, 5,204 square-feet of commercial and retail space, a 540 square-foot office, and a 222 space parking garage. The building’s estimated construction costs and completion date are currently unknown.
Fort Worth Investor Buys 40 Dallas Office and Industrial Buildings
Fort Capital, a real estate investment firm, has bought more than 40 Dallas-area office and industrial buildings in a recent slew of acquisitions. Together, the buildings represent 257,000 square-feet of space spread across two business parks. This acquisition represents a continuation of Ford Capital’s slow consolidation of Texas properties, with the firm having purchased almost $500 million in properties across the state in the past 15 years.
REIT to Buy Florida Office Building for $45.4M
REIT, a company based in Toronto, Canada, purchased the Cypress Financial Center in Fort Lauderdale, Fla. The $45.4 million building has a total of 201,305 square-feet and is currently 92.5% occupied. Rents at the property are currently considered to be below market-value, though the area is increasing in demand.
Denver International Airport resumes construction on Great Hall Project
The Denver City Council recently approved a $195 million contract with Hensel Phelps, a Colorado-based contractor, in order to resume construction on the Denver International Airport’s Great Hall Project. The $210 million project, which is set to be completed in 2024, will produce new ticketing counters, new bathrooms, and an upgrade of current mechanical and electrical systems.
New $9.5 Million Senior Center Opens in Massachusetts Town
Following a year of construction the new Falmouth Senior Center is set to open in Falmouth, Mass. The new two-story building will feature a lobby, a library, a cafe, a large shared kitchen, a multipurpose room, several conference rooms, a social room, and a fitness center. The center cost an estimated $9.5 million to build.