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South Florida Sees Surge in Luxury Developments and Redevelopment Projects

From Tropicana Field to Miami Beach, Billion-Dollar Deals and Construction Loans Abound

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A team led by Blake Investment Partners has won the bid to redevelop St. Petersburg's Historic Gas Plant District, home to Tropicana Field, with a proposal valued at $8.1 billion. The project, which includes 3,600...

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What Happened

In other news, LCOR has secured a $192.5 million construction loan for a 544-unit luxury apartment tower in Edgewater, Miami. The 39-story building,...

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In other news, LCOR has secured a $192.5 million construction loan for a 544-unit luxury apartment tower in Edgewater, Miami. The 39-story building, designed by ODP Architect, will feature over 40,000 square feet of amenities and 448 parking spaces.

Meanwhile, David Martin, CEO of Terra Group, is in talks to join The Related Group and BH Group on their planned redevelopment of the Hollywood Beach Resort. The partnership plans to acquire the 4.5-acre property for $100 million and redevelop it into a luxury resort.

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Why It Matters

These developments signal a surge in luxury construction projects in South Florida, with investors and developers betting big on the region's growing...

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These developments signal a surge in luxury construction projects in South Florida, with investors and developers betting big on the region's growing demand for high-end housing and amenities.

"The demand for luxury housing in South Florida is insatiable," said **Andrew Cohen**, a broker with Institutional Property Advisors. "Developers are responding to this demand with high-end projects that offer top-notch amenities and services."

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Key Numbers

$8.1 billion: The value of the Tropicana Field redevelopment project $192.5 million: The construction loan secured by LCOR for its Edgewater...

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  • $8.1 billion: The value of the Tropicana Field redevelopment project
  • $192.5 million: The construction loan secured by LCOR for its Edgewater apartment tower
  • $100 million: The price tag for the Hollywood Beach Resort redevelopment project
  • 3,600: The number of income-restricted housing units included in the Tropicana Field project

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What Comes Next

As these projects move forward, residents and visitors can expect to see significant changes to South Florida's landscape. With billions of dollars...

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As these projects move forward, residents and visitors can expect to see significant changes to South Florida's landscape. With billions of dollars in investment pouring into the region, the area is poised for a transformation that will bring new amenities, jobs, and opportunities to the area.

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Key Facts

What: Redevelopment projects and construction loans for luxury developments in South Florida Where: St. Petersburg, Miami, Hollywood Beach Impact:...

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  • What: Redevelopment projects and construction loans for luxury developments in South Florida
  • Where: St. Petersburg, Miami, Hollywood Beach
  • Impact: Billions of dollars in investment, thousands of new housing units, and a surge in luxury construction projects

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5 cited references across 1 linked domains.

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5 cited references across 1 linked domain. Source gap watch: Single-outlet source gap.

  1. Source 1 · Fulqrum Sources

    Blake Investment wins bid for $8B Tropicana Field redevelopment

  2. Source 2 · Fulqrum Sources

    LCOR lands $193M construction loan for Edgewater tower amid flurry of apartment projects

  3. Source 3 · Fulqrum Sources

    David Martin in talks to join Related, BH on Hollywood Beach Resort redevelopment

  4. Source 4 · Fulqrum Sources

    Whirlybird dreams: Ken Griffin wants helipad for Miami Beach megayacht marina

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🏠 Miami Homes

South Florida Sees Surge in Luxury Developments and Redevelopment Projects

From Tropicana Field to Miami Beach, Billion-Dollar Deals and Construction Loans Abound

By Emergent Business Desk

Friday, July 3, 2026 • 3 min read • 5 source references

  • 3 min read
  • 5 source references

A team led by Blake Investment Partners has won the bid to redevelop St. Petersburg's Historic Gas Plant District, home to Tropicana Field, with a proposal valued at $8.1 billion. The project, which includes 3,600 income-restricted housing units, is expected to bring jobs, parks, and cultural anchors to the area.

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Deep multi-angle story
Evidence
What Happened
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Next focus
Key Facts

What Happened

In other news, LCOR has secured a $192.5 million construction loan for a 544-unit luxury apartment tower in Edgewater, Miami. The 39-story building, designed by ODP Architect, will feature over 40,000 square feet of amenities and 448 parking spaces.

Meanwhile, David Martin, CEO of Terra Group, is in talks to join The Related Group and BH Group on their planned redevelopment of the Hollywood Beach Resort. The partnership plans to acquire the 4.5-acre property for $100 million and redevelop it into a luxury resort.

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Why It Matters

These developments signal a surge in luxury construction projects in South Florida, with investors and developers betting big on the region's growing demand for high-end housing and amenities.

"The demand for luxury housing in South Florida is insatiable," said **Andrew Cohen**, a broker with Institutional Property Advisors. "Developers are responding to this demand with high-end projects that offer top-notch amenities and services."

Key Numbers

  • $8.1 billion: The value of the Tropicana Field redevelopment project
  • $192.5 million: The construction loan secured by LCOR for its Edgewater apartment tower
  • $100 million: The price tag for the Hollywood Beach Resort redevelopment project
  • 3,600: The number of income-restricted housing units included in the Tropicana Field project

What Comes Next

As these projects move forward, residents and visitors can expect to see significant changes to South Florida's landscape. With billions of dollars in investment pouring into the region, the area is poised for a transformation that will bring new amenities, jobs, and opportunities to the area.

Key Facts

  • What: Redevelopment projects and construction loans for luxury developments in South Florida
  • Where: St. Petersburg, Miami, Hollywood Beach
  • Impact: Billions of dollars in investment, thousands of new housing units, and a surge in luxury construction projects

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therealdeal.com

Blake Investment wins bid for $8B Tropicana Field redevelopment

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therealdeal.com

LCOR lands $193M construction loan for Edgewater tower amid flurry of apartment projects

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therealdeal.com

David Martin in talks to join Related, BH on Hollywood Beach Resort redevelopment

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therealdeal.com

Whirlybird dreams: Ken Griffin wants helipad for Miami Beach megayacht marina

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therealdeal.com

Pinnacle housing project, Bal Harbour Shops expansion among top construction permits for week ending July 1, 2026

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Emergent News uses automated assistance to gather, compare, and summarize coverage from 5 cited sources. Review the source list below before relying on the story.