Trending Multifamily News
ANF Group Named General Contractor to build 255-unit multifamily development
A joint venture between two Miami-based developers, Global City Development and Gilu Development, are set to break ground on a 17- acre parcel in Fort Myers, FL, on the corner of Crystal Drive and 6 Mile Cypress Parkway, that was purchased in August 2022.
The joint venture will be developing a $90 million, 255-unit gated luxury multi-family community, consisting of 1-, 2-, and 3-bedroom residences, ranging in size from 786 sq ft to 1,690 sq ft.
Amenities include private garages, outdoor exercise areas and a 2-story 6,200 square foot clubhouse, which features a state-of-the-art fitness center, a meditation area, a children’s playroom, a resident’s lounge (inclusive of private zoom studios and co-working space), a grand room for events, on-site management office, a resident’s package room and convenience area coupled with lush landscaping and a pool overlooking the community’s private lake.
The project should break ground in January 2023 with a completion date in Q2 2024.
The centrally located parcel is within minutes from major retailers, medical centers and entertainment facilities, among them Whole Foods, Publix, Top Golf, Gulf Coast Medical Center, Lee County Sports Complex and numerous others.
“The City of Fort Myers is one of the State of Florida’s true gems,” said Brian Pearl and Diego Procel, Principals of Global City Development.
Added Luis Bermudez of Gilu Development & Holdings: “This community will have an extremely positive impact on the area as a whole and support the need for housing in our growing state.”
“We are honored to be working among the industry’s most respected professionals and look forward to expanding our footprint to Florida’s southwest region,” said Al Fernandez, president of ANF Group.
Since 1981 ANF Group, Inc. has been an industry leader in multi-family, commercial, and education construction, and has played a vital role in the highly specialized niche of healthcare construction.
Military Makeover with Montel, BrandStar’s award-winning home improvement show on Lifetime focuses on how to better the lives of former military by improving their homes.
This is the mantra that sets this show apart from other home makeover shows. Helping to create a home that provides comfort and safety, along with the newest technology and latest design styles, for those who have dedicated their lives to protecting others, is the goal of each Military Makeover.
Our landmark 30th Military Makeover took place in Jupiter, Florida at the home of Justin and Kristie Ziegler, who both served in the Air Force. Staff Sergeant Justin Ziegler was assigned to the 60th CES Wing as a fire Protection Technician and was deployed to Afghanistan in support of “Operation Enduring Freedom.” This role led to him being responsible for the safety of more than 2000 troops and more than $750 million worth of aircraft.
Senior Airman Kristie Ziegler trained as a Dietary Technician. She was awarded “Airman of the Year” in 2006, for her dedicated service. Once deployed to Bagram Air Force base in Afghanistan, Kristie’s role changed to providing treatment to soldiers wounded in battle, as well as local civilians.
Global City Development’s participation as one of the sponsors made multiple aspects of this Military Makeover renovation possible. Since the company’s founding in 2014, projects have been fully funded that will provide more than $1 billion of benefits to public universities and veterans of the US armed forces. Global City’s goal by 2025 is to put in place projects that will generate an additional $4 billion in benefits to significant social institutions. Primary beneficiaries of the firm’s work, so far, have been Florida International University and the American Legion.
“We are proud to be a part of ‘Military Makeover with Montel,’ assisting with the Ziegler makeover,” said Diego Procel, Principal of Global City Development. “We work with many associates who are former military, some with children currently in the military so we are dedicated to providing for those who have given so much for us.”
BrandStar’s “Military Makeover with Montel” brings brands together that will help create a warm and comfortable home for the Ziegler family, which will help heal and improve their lives,” says BrandStar Founder and CEO, Mark Alfieri.
BrandStar’s award winning TV Programming airs on Lifetime Television, Bloomberg, FOX Business and numerous syndicated outlets, and includes shows such as Designing Spaces, currently in its 15th year, The Balancing Act, in its 20th year, Inside the Blueprint and Access Health.
Global City Development is a real estate development firm based in Miami. Focusing on development opportunities throughout the southeastern U.S., Texas, and greater Washington D.C. area, the firm delivers significant projects with social benefits to local communities, with developments that generate over $1 billion for public universities and veterans being fully funded and under construction. For additional information, visit www.GlobalCityInvestments.com.
Developers of much-anticipated student housing community encourage ongoing contributions to support school during COVID-19 crisis
MIAMI (June 24, 2020) – The development team behind The One At University City, an 886-unit premier student housing community located directly across from Florida International University (FIU), has contributed over $200,000 to a broad range of causes at the school over the past 24 months, commitments it continues through the COVID-19 crisis.
Scheduled to be completed in time for the 2020-2021 academic year, the project is being developed by Miami-based Global City Development, led by Diego Procel and Brian Pearl, with co-developers RER Ventures, led by Chris Kallivokas, and Podium Developments, led by Bernard Luttmer and Oskar Johansson. The One will be managed by Landmark Properties, one of the top U.S. firms specialized in off-campus student housing.
FIU has benefited from a range of contributions from Global City, among them recurring contributions to the Athletic Program; support for FIU military and veteran’s affairs; and support for the Hollo School of Real Estate, among others.
“We are extremely passionate about our support for the school, especially in times like these,” said Brian Pearl, Principal of Global City Development. “We entered this relationship as a long-term partnership and that is exactly the path we have taken.”
“Our involvement with the whole of the university has been nothing but positive,” said Diego Procel, Principal of Global City Development. “We want this project to be an absolutely win/win for the university and most importantly, the students.”
“We are so thankful to Global City, led by Brian Pearl and Diego Procel, and the entire development team working to make The One at University City a reality for their support of FIU and our community,” says Howard Lipman, Senior Vice President of University Advancement at FIU and CEO of FIU Foundation, “they have been true partners. We are excited about the opening of this wonderful new property which will help serve the housing needs of our students well into the future.”
The One is being developed through a $231 million bond issuance by University Bridge, LLC, which when funded in 2018, represented one of the largest financing of its kind for an off-campus student housing building in the U.S.
One of the most unique components of the funding is that it will provide an estimated $50 million in scholarships over the next 40 years to FIU. Additionally, FIU also takes full ownership of the building once the bond payments are concluded in 2058.
As to future contributions, the company is consistently evaluating opportunities and looks forward to embracing additional causes at the school.
MIAMI – Asia Capital Real Estate Management (ACRE) and Global City Development celebrated the groundbreaking of MiMo Bay Apartments, a 236-unit mixed-use waterfront community in Miami’s Upper Eastside. The project is a joint venture between ACRE and a large Canadian Pension Fund, and will be built on the 3.6-acre site of the former American Legion Post No. 29 building. The project will include a 15,000-square-foot facility to be owned and operated by Post No. 29 for the use of its military veteran members.
Located adjacent to Legion Memorial Park at 6445 NE 7th Avenue in Miami’s MiMo District, the ceremony included remarks from Global City Development Principal Diego Procel, as well as ACRE Managing Partner Blake Olafson. Commander Robert Bellamy representing Post No. 29 and City of Miami Commissioner Ken Russell were also in attendance to initiate the ceremonial event.
“We’re incredibly proud to officially break ground on MiMo Bay Apartments and begin the process of developing this project with an extraordinary group of individuals,” said Olafson. “MiMo Bay Apartments will bring a world-class standard outdoor and waterfront living concept to Miami’s Upper Eastside, whilst being built and designed by local Miami firms.”
“We look forward to contributing such an important development in this growing neighborhood,” added Procel. “As the proud father of a Marine and recognizing the need for a community that serves the Legion, this development will realize an incredible opportunity for veterans to enjoy vastly enhanced amenities in the area.”
The five-story waterfront building is being built by Miami-based Coastal Construction Group. The developers secured a $51 million construction loan from TD Bank. Designed by Stantec's Miami office, MiMo Bay Apartments will comprise of 236 LEED-certified market-rate rental apartment units, as well as 15,000 square feet of space with advanced facilities for American Legion to occupy. The facilities will include a gym, areas for physical therapy, a wellness center, and a swimming pool. Services will include group therapy, acupuncture, post-traumatic stress disorder treatment, and more.
“Our vision for MiMo Bay is to pay homage to the surrounding neighborhood and its Miami Modern (MiMo) style of architecture, and to establish a connection between the bay and the park,” said Christina Villa, senior associate with Stantec’s Miami office. “We mixed modern and sharp angles to maximize water views from all areas including the units, public spaces and the American Legion facility. Natural fauna and landscaping will be implemented to enhance the site, blend with the park and provide a secluded retreat for residents.”
Based in Singapore with offices in NYC, Atlanta and Florida, Asia Capital Real Estate is a real estate investment firm founded and owned by three partners: Blake Olafson, Leslie Menkes and Michael Van der Poel. The firm manages discretionary capital for a select number of global institutional investors and prominent family offices, focusing primarily on multifamily projects; including workforce housing, commercial real estate credit, and asset management.
Led by Principals Brian Pearl and Diego Procel, Global City Development is a Miami-based real estate development firm focusing on investments in the southeastern U.S., Texas, and greater Washington D.C. area, acting as lead developer and co-developer for all of its projects.
