SOUTH FLORIDA NEWS

Penn-Florida Files Bankruptcy to Halt Via Mizner Foreclosure in Boca Raton

The most recognizable name in Boca Raton real estate, Penn-Florida Companies, has filed Chapter 11 bankruptcy on its 101 Via Mizner apartment building to evade a foreclosure auction slated for $145 million on the same day. It was a tactical move made on January 16, 2025.  Below is an overview of the situation and what it means to the real estate market in Boca Raton.

Background on Penn-Florida and Via Mizner

Overview of Penn-Florida Companies

From the time of its founding in 1987 until today, Penn-Florida Companies has grown into one of South Florida's largest developers of luxury properties. From 6 million square feet in its portfolio to another 2 million square feet in development, the projects from the firm dot the landscape of the region.…

965 Views, 0 Comments

Discover Boca Villa Apartments in Boca Raton, FL

Boca Villa Apartments is the epitome of Boca Raton living. Luxury, convenience, and leisure, all come into play here at Boca Villa Apartments in Boca Raton, Florida. Whether looking for residence near work or wanting to enjoy a laid back home, Boca Villa Apartments will help in fulfilling that demand for real estate in Boca Raton. From comfort to class, this neighborhood offers all ways to live a desirable life.

Property Highlights

Brand-New Apartments

53 newly constructed apartments across five gorgeous buildings, totaling 120,519 square feet.

Spacious layouts include:

• 27 two-bedroom, two-bath apartments (1,113 sq. ft.).

• 4 extra large two-bedroom, two-bath apartments (1,247-1,392 sq. ft.).

• 22 three-bedroom,…

372 Views, 0 Comments

Camino Square Boca Raton: Retail Plans Shift to 400 New Apartments in Phase 2

Initial Plans for Retail and Mixed-Use Development

The Camino Square development in downtown Boca Raton was supposed to be a mixed-use project targeted at redeveloping the area. The first phase of the project involved the demolition of a Winn-Dixie-anchored retail center in order to make way for a modern complex with 350 apartments across two eight-story buildings. Retail space was the original focus of the project, with the second phase approval given for over 37,000 square feet of retail use. However, market conditions since the application and approval process have shifted this focus.

Location and Significance of the Project

Located at 171 West Camino Real, the Camino Square sits on one of the most prime 9.1-acre sites in the heart of…

1513 Views, 0 Comments

Why South Florida Condo Prices Could Drop by 40%

After years of soaring property values, South Florida’s condo market may face a significant shift. Analysts predict prices could fall by as much as 40%, creating challenges for sellers but potential opportunities for buyers. What’s driving this anticipated change? Let’s take a closer look.

Overview of the South Florida Condo Market

Pandemic-Driven Price Increases

In its wake, the pandemic triggered a real estate boom in South Florida. High-income households moved to the region, snapping up waterfront condos to beat restrictions in other states. The surge drove prices to peak at $379 per square foot in 2024, compared to pre-pandemic levels.

Current Market Trends

However, it lost steam. Sales of condos and townhouses retreated 19.6% on a…

3300 Views, 0 Comments

Steve Ross Trades New York for West Palm Beach Real Estate Dreams

Steve Ross, the billionaire developer behind iconic projects in the U.S., has turned his attention to West Palm Beach. At 84, Ross isn’t slowing down. Instead, he’s diving into a bold vision to transform this South Florida city into a thriving hub of commerce, culture, and innovation.

From New York to West Palm Beach: A Visionary’s Journey

Steve Ross’s Early Years and Connection to Florida

Steve Ross’s roots in Florida go back decades. Raised in Miami Beach, he’s always had ties to the Sunshine State. During the pandemic, his Palm Beach estate, The Reef, became a retreat. This move rekindled his connection to Florida and inspired his next chapter.

A Pandemic Move That Sparked Change

In 2021, Ross made Palm Beach his permanent home. Many…

1179 Views, 0 Comments

Best Beaches in South Florida: A Guide to the Top Coastal Spots

South Florida hosts some of the best beaches in the world. Want a quiet family spot? The action of thrilling water activities? A beach that buzzes with nightlife? You get them all here. The challenge, of course, is which one to go to first. This guide highlights the best beaches in South Florida and other top spots, categorized by their unique appeal to help you plan your perfect coastal getaway.

Best Beaches for Families

Boynton Beach Oceanfront Park

Boynton Beach Oceanfront Park is a real family draw, with so many amenities. Take in the canopy-covered walkways, enjoy the hardwood boardwalk, or have something to eat in the café. If you need to stay out of the sun, there are umbrella rentals available. You can surf and skimboard on the…

900 Views, 0 Comments

West Palm Beach Real Estate Expands with 8-Story South End Development

West Palm Beach real estate just keeps getting better. An 8-story building at 8111 South Dixie Highway in West Palm Beach is officially ready for construction. A collaboration between Woodfield Development and Flagler Realty & Development, the project promises a complete transformation of the South End neighborhood, with potential benefits for local real estate.

A Transformational Project at 8111 S. Dixie Highway

Along the C-51 Canal, this eight-story building is sure to make a splash: 358 residential units, 19,000 square feet of retail, and even better, 90 of those units will be affordable housing units. 

During the groundbreaking, city officials, including West Palm Beach Mayor Keith James, hailed the project's potential. "We are very…

712 Views, 0 Comments

Fort Lauderdale Real Estate Development: BAM's Latest Flagler Village Project

The skyline of Fort Lauderdale’s Flagler Village is set for a significant transformation. BAM Property Development’s newest multifamily project promises to bring 257 apartments and 11,400 square feet of retail space to this growing neighborhood. This exciting Fort Lauderdale real estate development showcases the area’s growth and its appeal for urban living.

Overview of BAM’s Flagler Village Multifamily Project

BAM Property Development, a New York-based firm led by Mayer Berkovits, recently gained approval for a bold new project. The two-tower, 14-story building at 650 North Andrews Avenue will house 257 residential units. It also includes a five-story, 361-space parking garage cleverly concealed within the structure. Apartments lining the podium…

528 Views, 0 Comments

Top Things to Do in Boynton Beach for Visitors and Locals

While Boynton Beach may not be among your top five South Florida cities to visit, it should be! Here is why: great beaches, memorable restaurants, and lots of outdoor fun. In this article, we will be putting forward a few suggestions on why you should consider visiting or even living here. Further, the city is not being left behind in making Boynton more aesthetically attractive with the Boulevard Streetscape Improvement Project, adding shops, dining, and fun activities. All these changes would only make Boynton Beach a better place to come around and live in.

 Boynton Beach Events and Festivals

The events happening throughout the year bring the community together, and most festivals and celebrations here are an absolute memory that one…

1582 Views, 0 Comments

Your Guide to the New Broward County Water Taxi Stops

Broward County's Water Taxi has just changed how locals and visitors take in South Florida, with an expanded service offering 11 new stops to connect the waterfront cities along the Intracoastal Waterway. It has never been easier to experience the awesomeness of coastlines within Broward County. Whatever the purpose of your visit, here is all you should know about the new stops on the water taxi route.

What is the Broward County Water Taxi?

The Broward County Water Taxi is a gorgeously scenic, stress-free way to get around South Florida—no traffic, all waterway views. With more than 30 stops now available, riders can enjoy waterfront dining, parks, and activities without fighting traffic or searching for parking.

Why Take the Water Taxi?

…

529 Views, 0 Comments