ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrated the topping out of the new Sol Vista, a 227-unit affordable senior community co-developed by MRK Partners and Cypress Equity Investments in Miami-Dade County, Florida.
“We are excited to commemorate this meaningful construction milestone that celebrates the successful completion of the project’s structural phase without any safety incident,” said Tony Fernandez, Project Executive of ANF Group. “We are grateful to our project team and industry partners for this achievement and look forward to ultimately bringing much-needed quality housing to low-income seniors.”
Located at 11251 Caribbean Blvd. in Cutler Bay, Sol Vista will consist of one 3-story parking garage and one 8-story residential building featuring 227 mainly one-bedroom apartment homes. Unit amenities will include a wide variety of energy-efficient devices and appliances, optional in-unit laundry, central air conditioning, and balconies for select units. The building’s amenities will include on-site management, a fitness center, a community room, an outdoor patio on the fifth floor, surveillance cameras, secured building access, and common-area Wi-Fi. The community space will act as a place for gathering and socialization for the senior population. From community meals to card games, the residents will benefit from an active aging lifestyle and community. Additionally, the garage will include EV chargers for electric vehicles as they continue to grow in popularity in the future.
All apartments will be reserved for those aged 62 and older earning no more than 60% of the Area Median Income (AMI) or approximately $43,380 for one-person households or $49,560 for two-person households. The project is scheduled for completion in 2024.
For more information on Miami-Dade County housing income limits and eligibility, click here.
MIAMI – (August 3, 2022) – ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services, has announced the topping out of EDEN West, a 212-unit garden-style multifamily development in the City of Tamarac, FL.
The topping out represents a milestone in the construction process for the apartment community, which includes two 4-story buildings offering Class A apartment units. Amenities to include a saltwater pool, a fitness center, a clubhouse, a dog park, a grilling area, and over 360 parking spaces. Located on the northeast corner of W McNab Road and Pine Island Road, EDEN West has excellent proximity to the Sawgrass Expressway and the Florida Turnpike.
“We are excited to reach this construction milestone in topping out on this project as our team has worked steadily to reach this landmark,” said Al Fernandez, president of ANF Group. “We are grateful for partnering with EDEN Multifamily and Cypress Equity Investments on this development and look forward to completing this project as demand for apartments continues to be on the rise.”
Developed by EDEN Multifamily industry veterans Jay Jacobson and Jay Massirman and Cypress Equity Investments, EDEN West apartments are expected to be completed in Q4 of 2022. In addition to EDEN West, ANF has other apartment communities under construction in the South Florida area including Madison Point Apartments in Naranja and Natura Gardens in northwest Miami-Dade County, The Legacy at Tamarac and Vista Verde at Sunrise.
Founded in 1981, ANF Group is a family-owned and operated business led by Alberto Fernandez, Jr., Nelson Fernandez, and Alberto Gil. While continuing to maintain its healthcare-sector focus, the firm continues to expand into multifamily, residential, and industrial spaces.
Since 1981 ANF Group, Inc. has been providing quality preconstruction, construction management, general contracting, development, and design-build services to the South Florida Market. ANF is an industry leader in commercial, multi-family, and education construction, and has played a vital role in the highly specialized niche of healthcare construction with expertise working on active campuses, laboratories, and research facilities. With more than 40 years in the construction industry, ANF is a family-owned and operated business whose expertise, professionalism, and meticulous work ethic have made them one of South Florida's most respected construction firms. For more information visit www.anfgroup.com.
Joint venture between EDEN Multifamily and Cypress Equity Investments obtains construction financing for 212-unit multifamily development in growing South Florida MSA
TAMARAC, FL – April 6, 2021 – CE Development Partners, a joint venture between leading developers EDEN Multifamily and Cypress Equity Investments (CEI), started construction on EDEN West in Tamarac, Florida. The 212-unit Class A project fills a void for brand-new, garden-style apartment product in the growing South Florida submarket.
The venture obtained a $23.66 million senior construction loan from Wells Fargo for the project on April 2, 2021.
EDEN West is being constructed on 6.22 acres at West McNab and North Pine Island roads.
“Our venture was attracted to this development opportunity because of the site’s excellent proximity to major transportation corridors, significant retail and tens of thousands of job opportunities,” EDEN President Jay Jacobson said. “We look forward to delivering new Class A apartment product to the growing City of Tamarac.”
Michael Sorochinsky, CEO of Cypress Equity Investments, added, “Lower density surface parked opportunities are extremely rare in Broward County. In fact, this community is being developed on the site of an empty dilapidated retail center and commercial building.”
MSA Architects is EDEN West’s architect. ANF Group is the general contractor for the project.
CE Development expects to complete construction during the third quarter of 2022.
EDEN West will offer a mix of studio, one, two and three-bedroom apartments ranging in size from 598 to 1,388 square feet in a pair of 4-story buildings. Interior unit features include white quartz countertops in kitchens and bedrooms; GE stainless steel energy star appliances; floor-to-ceiling sliding glass doors; energy efficient full-size washer and dryer; wood-style plank flooring throughout kitchens and living rooms; and private balconies.
The project also will have a centrally located clubhouse with a 24-hour fitness center that accommodates Fitness on Demand™ streaming; yoga/group exercise studio; club room and lounge with televisions and a coffee bar; executive e-lounge; conference room; heated saltwater pool; sundeck courtyard with shaded cabanas; and a veranda featuring an outdoor kitchen and gas barbecue grills. Other amenities include electric car charging stations and a community dog spa.
EDEN West’s site is within four miles of major area employers such as Magic Leap, Convergys, KSM Electronics, University Hospital & Medical Center and City Furniture. There is nearly 38 million square feet of office space within a 20-mile drive of the site. The broader MSA has a 95% apartment occupancy rate and a consistently growing population.
Formed in 2015, EDEN Multifamily’s principals have a history of having developed more than 24,000 apartment units and through affiliated multifamily management firm RKW Residential manages nearly 25,000 units spanning six states. In Central Florida’s Port Orange, EDEN recently began construction on the 288-unit EDEN Crystal Lake. It previously developed the transformative Lazul North Miami Beach apartment community in the city’s Town Center district and along with CEI is in a venture with Lincoln Property Company on the 32 story Eden Las Olas tower in downtown Ft Lauderdale.
CEI was formed by Michael Sorochinsky in 2001 and since inception has executed ground-up and value-add real estate projects in all asset class, with a primary focus on multifamily. To date, CEI has developed and invested in projects consisting of more than 12,000 units in top U.S. cities, including Los Angeles, Boston, San Francisco, New York, Chicago, Portland, Phoenix and Las Vegas.
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About CE Development Partners: A joint venture formed by EDEN Multifamily and Cypress Equity Investments to develop multifamily projects throughout the southeast U.S. CE Development Partners will be seeking opportunities in both urban and close-in suburban locations.
About EDEN Multifamily: A joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson, EDEN Multifamily brings more than 70 years of experience and a rich history of identifying and developing successful residential projects. EDEN seeks out multifamily development opportunities in neighborhoods that are underserved and overlooked, specializing in boutique infill projects. Eden Multifamily is currently developing over 950 units throughout central and South Florida. For more information, visit www.edenmultifamily.com.
About Cypress Equity Investments: Operating since 2001, Cypress Equity Investments (CEI) is a real estate investment company comprised of professionals who have been executing real estate investment strategies for the past three decades. Since its inception, CEI has been spearheading ground-up and value-add real estate projects in all asset classes, with a specialty in multifamily. The company continues to execute its Class A development and acquisition strategies in top-tier urban markets throughout the U.S. For more information, visit www.cypressequity.com.
MORRISTOWN, N.J., August 16, 2019 – JLL announces that it has arranged financing for the development of Englewood Circle, a 220-unit, Class A multifamily property in Englewood, New Jersey.
JLL worked on behalf of the developers, a joint venture between The Claremont Companies and Cypress Equity Investments, to secure the five-year construction loan through Principal Real Estate Investors.
Englewood Circle is being constructed on 2.54 acres at 40 Bennett Road directly across from MacKay Park. Due for completion in 2020, the transit-oriented community offers convenient access to major thoroughfares, including Interstate 95, Route 4 and Palisades Interstate Parkway.
The JLL Capital Markets team representing the developers was led by Senior Managing Director Jon Mikula, Managing Director Michael Klein and Analyst Andrew Zilenziger.
“We are excited to be a part of Claremont’s foray into Englewood, a town that has seen tremendous growth, specifically in the luxury multi-housing space,” Mikula stated. “Englewood Circle will provide the newest and most amenity intensive project in Englewood.”
Joint venture plans 32-story, 374-unit rental tower in the heart of downtown Fort Lauderdale
FORT LAUDERDALE, FL – CE Development Partners, a joint venture between leading developers EDEN Multifamily and Cypress Equity Investments, have completed the acquisition of a 1.55-acre site in the heart of downtown Fort Lauderdale for the development of a premier rental apartment community. CE Development Partners plans to build a 32-story, 374-unit tower on the property located at 419 Southeast Second Street – just steps away from popular Las Olas Boulevard.
The partnership closed on the acquisition March 9, according to EDEN Multifamily CEO Jay Jacobson. The site was previously operated as a parking lot.
CE Development’s project will also include ground-floor retail space and an adjacent parking garage. The tower’s architectural design is modern with sleek lines, wraparound balconies and floor-to-ceiling glass in amenity areas and certain residential locations. Residents will find a highly amenitized building that will feature the first private urban park in the downtown area with a four-story waterfall, open community gathering spaces surrounding the building, state-of-the-art exercise facilities, golf simulator, yoga studio, peloton facility, a bicycle storage and repair shop and state-of-the-art delivery lockers including refrigerated storage for grocery deliveries.
The project will be distinguished by the latest green technology operating all HVAC and electrical systems. Residents will also find a private sky lounge located on the 32nd floor with sweeping city views.
“We are thrilled to complete this transaction and move forward with a project that should be very well received by the downtown market,” Jacobson said. “It’s no secret that renters of all ages are flocking to downtown Fort Lauderdale, which is experiencing an evolution into a true 24-hour neighborhood.”
Construction is expected to start during the fourth quarter of 2018.
The project site is surrounded by 1 million square feet of retail and entertainment space, more than 5 million square feet of office space and tens of thousands of jobs.
In January, EDEN topped off construction of NOMA, an 8-story, 354-unit apartment building at 2145 Northeast 164th Street in the heart of North Miami Beach. NOMA is scheduled to be completed in fall 2018.
“We continue to look for opportunities to develop apartments in underserved and overlooked neighborhoods,” Jacobson said. “We expect the South Florida multifamily market to remain strong and ripe for new construction.”
For more information about CE Development’s project and updates on EDEN’s other projects, visit www.edenmultifamily.com.
