Photo Credit: Real Estate Alert
CA Ventures recently released an ad in a trade publication that shows a rendering of a tall tower at the northwest corner of Lake and Stetson streets. The site where this project will take place was originally supposed to be the Mandarin Oriental hotel and luxury condos. However, it went into foreclosure and the land was placed for sale over two years ago.
As you can see from the above picture, the ad leaves us to guess, since it doesn’t provide details; we only know the location. It’s good to note that the company responsible for the ads are well-known for their apartments. Because of this, we can assume that the site will consist of luxury apartments.
CA Ventures still has a long way to go. They haven’t acquired the property that was bought by iStar during the foreclosure. Of course, zoning approval and construction financing would still need approval.
There is very limited information on this project at the moment. We’re just giving you a heads up that something BIG is coming. We will keep you updated as more information becomes available. In the meantime, check out other developments and projects going up around the City below.