Apollo Global Management affiliates have provided a $307 million construction loan for the Rosewood Residences Hillsboro Beach, a luxury condo project located on Millionaire’s Mile in South Florida. The development will include 92 residences and 11 private boat slips, enhancing the area's upscale offerings.
Jorge Perez, a billionaire known for luxury condos in Miami, is expanding his ventures with a $1 billion project in Pompano Beach, a town traditionally associated with affordable housing. His company, Related Group, is developing a 24-story W Hotel and Residences, marking its fourth project in the area, led by his sons, JP and Nick.
Miami is thriving under leadership that emphasizes low taxes, public safety, and economic growth, attracting young professionals back to the city. Key figures like Mayor Suarez and developers such as Michael Stern and Craig Robins are reshaping the urban landscape, enhancing cultural and community initiatives. The city is recognized for its vibrant arts scene, exemplified by Wynwood Walls and the ongoing development of green spaces like The Underline, fostering a diverse and energetic environment.
A $2 billion development at Fort Lauderdale's Bahia Mar marina aims to create a "mini Monaco," featuring condo towers, a St. Regis hotel, restaurants, and retail space. Spanning nearly 40 acres, the project will include 88,000 square feet of commercial space and amenities for yacht owners, with an expected opening in late 2029.
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