Florida’s commercial real estate market is seeing a mix of development milestones, corporate moves and ownership changes, underscoring continued investor and occupier engagement across key coastal and urban neighborhoods.
Related Group and Merrimac Ventures, together with hospitality brand Hilton, have reached the topping-off milestone for Waldorf Astoria Residences Pompano Beach. The project, described as the brand’s first standalone residential development, has now completed vertical construction. The 28-story condominium tower is rising on two acres of oceanfront along the Pompano Beach coastline, and the developers report that the building is already more than 85% pre-sold. Final completion of the property is projected for summer 2027, positioning the project as a future addition to the region’s luxury residential inventory.
In the construction and project delivery arena, Catamount Constructors, Inc. announced an internal leadership advancement. The firm promoted Jay Garrell to the role of Project Executive. Garrell brings 15 years of construction experience to the position, with a background that spans healthcare facilities, Class A office buildings and large-scale industrial projects. The company notes that he has played a key role in Catamount’s work for major industrial clients, reflecting the firm’s ongoing focus on complex, institutional-quality assignments across multiple property types.
On the capital side, a notable ownership shift has taken place in Miami’s Wynwood neighborhood. The real estate development firm of WeWork has acquired a 50% ownership interest in an apartment complex in the district. According to reporting from the South Florida Business Journal, an entity described as Miami-Flow purchased PMG’s stake in Society Wynwood, located at 176 N.W. 25th St. The transaction results in a 50-50 partnership between Flow and Greybrook, which originally delivered the project in 2024 alongside PMG. While financial terms of the stake sale were not disclosed, the updated ownership structure places a new partner alongside Greybrook at a recently delivered multifamily asset in one of Miami’s most active urban neighborhoods.
Taken together, these developments highlight ongoing capital commitments to high-end residential product on the oceanfront, continued investment in leadership depth at a diversified contractor and fresh equity alignment at a recently completed multifamily community in a fast-evolving urban submarket.
