Developer American Land Ventures plans to start construction on its 251-unit Residences at the Fountains luxury apartment complex in the Broward County suburb of Plantation. The Miami-based group has gotten $63 million in financing through Madison Capital Group. The 11-story project is valued at $86 million and will include 15,000 square feet of office space, 5,000 square feet of ground-floor retail and a parking garage with 370 spaces. It’s expected to open in 2010.
|Tightening of loose cables preceded FIU bridge collapse that killed at least 6: Sen. Rubio|
|Brown Harris Stevens promotes Phil Gutman to president of Miami brokerage|
|Sonny Kahn buys neighboring Golden Beach oceanfront property for a big markdown|
|Developer Andy Ansin, son of billionaire, sells Coral Gables spec mansion|
|Rising construction costs challenge multifamily developers: panel|