A Florida special development financing authority since 1993.
Shoma Bay
PROJECT DESCRIPTION
Shoma Bay is a new construction, mixed-use waterfront development bringing 333 condominium residences and approximately 51,600 square feet of retail to North Bay Village, Florida. The 24-story residential tower and retail promenade, anchored by a 36,000-square-foot Publix supermarket, will expand housing options and access to everyday services. The development is expected to support construction and retail employment, encourage local spending, and strengthen the community’s commercial activity.
LOCAL IMPACT
This investment supports North Bay Village’s economy by combining new residences with commercial space. The development adds housing and opportunities for businesses to serve residents, bringing residential and retail activity together within a single mixed-use property.
FINANCING AT WORK
Through FDFC’s C-PACE program, the property owner accessed long-term financing for insulation, efficient lighting, heating and cooling, water heating, water-saving fixtures, and hurricane-rated windows. These improvements support efficiency and resiliency across the residential and commercial portions.