Would you rather rent than own, but hate the idea of living right next to someone else? There's a new trend afoot: newly built, single-family houses that are for rent only. In the latest twist on the housing market, builders and analysts say the trend, prevalent in the western United States, is moving east, including into Florida. NexMetro Communities,…
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It’s the newest, hottest trend in residential development, so new that it does not yet have a standardized abbreviation, talked about by various players as BFR, B2R, or BTR. The dramatic emergence of “built-for-rent” single-family over the past eight years is supported by voracious demand, but the participants in this space will need to pick…
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By Brian Bandell – Senior Reporter, South Florida Business Journal A property east of the Golden Glades highway interchange in northern Miami-Dade County could be developed with 440 apartments. The Beacon Square Revocable Property Trust filed a pre-application with county officials for the vacant site of 8.2 acres at the northeast corner of Northwest 159th Street and…
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By Staff December 25, 2019 Delray Beach will soon welcome 40 new homes to the city. A 6.6-acre piece of property located on the east side of Barwick Road has been annexed into the city limits from Palm Beach County. The developer Stellar Communities has plans to build 40 single-family homes in the community…
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By Brian Bandell – Senior Reporter, South Florida Business Journal July 30, 2019, 7:14pm The developer of an apartment project in Dania Beach secured a $42.42million construction loan to kickstart work. Orix RE Holdings provided the mortgage to Stirling Alya LLC, an affiliate of Fort Lauderdale-based Stellar Communities, led by Larry Baum. It covers the 8.3-acre site…
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The town of Davie, FL awarded Stellar Communities with the 2018 Sustainability Awards to Cavalia Estates for our green practices and being an eco-luxury builder. We are committed to reducing environmental impact and maximizing sustainability, to create a more comfortable, healthy, efficient and beautiful living environment.
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By Brian Bandell – Senior Reporter, South Florida Business Journal Apr 3, 2018, 2:45pm The Broward County Commission will consider six big development projects April 10, including a new hotel and two residential developments. A 124-room WoodSpring Suites extended-stay hotel has been proposed in Miramar, on the west side of Red Road at the intersection of Interchange Park.…
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By Brian Bandell – Senior Reporter, South Florida Business Journal Jan 19, 2018, 11:23am The Broward County Commission will consider rezoning the site of a former church in Dania Beach for a mid-rise building. On Jan. 23, the commission will vote on the application concerning the 8.3-acre site at 2851 Stirling Road. It’s owned by Stirling Alya LLC,…
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By Brian Bandell – Senior Reporter, South Florida Business Journal less than a day ago Stellar Homes plans to build an energy-efficient townhouse community in the Palm-Aire section of Pompano Beach. On Oct. 18, the city’s Development Review Committee will consider an application to reallocate 39 multifamily units within the Palm-Aire area to the 4.4-acre site at 4091…
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A Mediterranean-style apartment complex with 197 units may be coming to town. City commissioners backed plans Tuesday for a three-story mid-rise apartment tower near Stirling and Park roads, but the project still needs approval from the county and state. The project would break ground in late 2018 and open in late 2019 if it…
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