SOUTH FLORIDA NEWS - May, 2026

Related Group Three-Concept Pivot in Aventura City Center

Related Group and BH Group paid $51 million for a four-acre site in 2022. Since then, the project has been filed as apartments, rebranded as Viceroy condos, and now refiled as a residential tower with a Marriott hotel. Here's the full story.

Key Takeaways

• Aventura City Center replaces the Viceroy Residences concept with 248 residential units and a 153-room Marriott extended-stay hotel.
• The Apollo Companies is disclosed as the anticipated acquirer of the development entity.
• The project requires a zoning amendment because the TC-1 Town Center zoning does not currently permit hotels.

Related Group and BH Group filed plans in April 2026 for Aventura City Center, a 23-story residential tower with 248 units and a separate 13-story, 153-room…

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Hollywood Approves 22-Unit Apartment at 2101 North 16th Avenue

Approximately a dozen Hollywood Lakes residents spoke against a 22-unit apartment building at the April 15 commission meeting. The project was approved unanimously anyway. Here's the legal reason why.

Key Takeaways

• Hollywood City Commission unanimously approved a 22-unit, four-story apartment building at 2101-2111 North 16th Avenue.
• The height was permitted by right under a 2016 upzoning for transit-oriented development along Federal Highway.
• The commission vote was limited to design and site plan review, not whether the project could be built.

Boca Raton-based lawyer and investor Gil Ovadia won unanimous Hollywood City Commission approval on April 15, 2026, for a four-story, 22-unit market-rate apartment building at 2101-2111 North…

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Larry Mastropieri Ranked Highest Selling Realtor® in Windwood, Boca Raton

Windwood stands out as one of East Boca Raton's most sought-after gated communities. Buyers love the resort-style amenities, lakefront views, and unbeatable access to FAU and the beach. However, this 670-unit community demands a Realtor® who actually understands its unique sub-communities, condo HOAs, and investor appeal. That is where Larry Mastropieri stands apart. He has earned recognition as the highest selling Realtor® in Windwood, Boca Raton.

The proof sits in his transaction record. Larry has personally listed 94 properties throughout Windwood across all four sub-communities. Together, these deals represent over $28 million in confirmed sales volume. Furthermore, a 97.4% list-to-sold ratio also tops every other agent active in the community.…

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Ombelle Brings 754 Condos and Equinox to Fort Lauderdale

Dependable Equities secured $50 million in pre-construction financing for twin 44-story towers in Flagler Village. Prices start in the $400,000s, and the project includes the city's first Equinox, the famous luxury fitness club. Here's everything you need to know before buying.

Key Takeaways

• Ombelle will include 754 condos across twin 44-story towers at 300 NE 3rd Avenue in Flagler Village.
• The project features Fort Lauderdale's first Equinox Fitness Club as part of a 100,000-square-foot amenity package.
• Prices start in the $400,000s for studios, with construction completion targeted for 2028.

Ombelle is a two-tower, 754-unit condo development at 300 NE 3rd Avenue in Flagler Village, Fort Lauderdale. The twin 44-story towers, designed…

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$160M Loan Unlocks Town Square in Boynton Beach

Time Equities broke ground on 465 apartments in downtown Boynton Beach after securing a $160 million construction loan from M&T Bank. The project sat stalled for years until $35 million in TIF subsidies made the numbers work.

Key Takeaways

• Phase 1 of Town Square includes 465 apartments, 6,300 sq ft of retail, and a 1,055-space parking garage.
• The Boynton Beach CRA approved up to $35 million in tax increment financing in a 4-1 vote.
• Time Equities operates under a land lease since the city owns the 3.77-acre site.

Time Equities, a New York-based developer, broke ground on the first phase of Town Square in Boynton Beach after securing a $160 million construction loan from M&T Bank. The eight-story project at 120 SE First Avenue will…

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Foreclosures Rising in South Florida, But Context Matters

Q1 2026 data from ATTOM shows foreclosure filings up 9.4% from last quarter and 16.6% from last year. The headlines are alarming. However, if you look at the historical context, there's no need to get alarmed just yet.

Key Takeaways

• One out of every 846 housing units in the tri-county region had a foreclosure filing in Q1 2026.
• Florida ranked third nationally for foreclosure rate, behind only Indiana and South Carolina.
• Current quarterly filings are roughly 16 times lower than crisis-era levels from 2008 to 2010.

New Q1 2026 data from ATTOM shows foreclosure activity rising across South Florida. One out of every 846 housing units in the tri-county region had a foreclosure filing in the first three months of the year. That is up 9.4%…

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