The Wrap: Related Group’s first Wynwood venture called a ‘bunt,’ European investors want to buy Jungle Island…and more

Rendering of Wynwood 26

1. Related Group’s first Wynwood venture called a ‘bunt’ [Miami Today]
2. European investors want to buy Jungle Island [Miami Herald]
3. Frisbies planning another spec house on the inlet in Palm Beach [Palm Beach Daily News]
4. Miami company buys Gainesville hotel for $27 million [Daily Business Review]

Sean Stewart-Muniz

New CVS pharmacy breaks ground

CVS pharmacy broke ground on a new store on the west side of Miami. Miami-based Ocean Bank granted an $11.5 million, five-year mortgage to Astor 57th LLC, an affiliate of Coral Gables-based Astor Property Holdings led by President Henry Torres. It covers the 1.5-acre site on the east side of Southwest 57th Avenue from Southwest…

Most Florida construction firms struggling with labor shortage, survey says

The majority of Florida construction firms are struggling with a workforce shortage, especially for project managers, according to a new survey by the Associated General Contractors of America (AGC). The group surveyed nearly 1,500 firms across the nation about their construction workforce needs. Labor availability is especially important in South Florida because it’s one of…