Related Group and partner Alta Developers have closed on $240 million in financing for the highly-anticipated residential tower, Casa Bella Residences by B&B Italia (Casa Bella), which broke ground earlier this month in Downtown Miami’s burgeoning Arts and Cultural District. The loan was provided by Cain International (Cain) — a privately held investment firm with over $16 billion in assets under management.
Read MoreRelated Group's Casa Bella Residences by B&B Italia Sets Record Price Per Square Foot With $12.6 Million Penthouse Contract
Miami-based real estate developer Related Group and partner Alta Developers have signed a contract for a 54th-floor, 5,893-square-foot triplex penthouse at Casa Bella Residences by B&B Italia for $12.6 million, or $2,138 per square foot, signifying what will be the most expensive condominium sale on a price-per-square-foot basis in Downtown Miami’s highly desirable Arts and Cultural District. Casa Bella Residences by B&B Italia has achieved nearly $50 million in signed contracts over the past 60 days.
Read MoreCasa Bella By B&B Italia Already 20% Reserved As Related Group And Alta Developers Officially Launch Sales
Related Group and Alta Developers have officially launched sales at Casa Bella by B&B Italia. The project was launched roughly a month ago through predominantly a whisper campaign and has already achieved 20% sold with reservations of $80 million.
Read MorePROFILE Exclusive: Developing In Miami's Ever Changing Urban Landscape With Raimundo Onetto of Alta Developers
With over 30 years of development experience and having developed more than 3,500 units in the South Florida market, Raimundo Onetto of Alta Developers has been a driving force in the region’s massive transformation. Onetto has been involved in some of the most impactful projects in Miami’s hottest neighborhoods such as One Paraiso, Le Parc at Brickell, 900 Biscayne, Quantum on the Bay, etc.
Read MoreAlta Developers' Quadro At Design District Now Signing Contracts
Alta Developers, led by Raimundo Onetto, has announced that the two-tower, 198-unit residences at Quadro in Miami Design District, which officially launched sales in March, is now signing contracts and paying 25 percent of the total commission to outside brokers. Quadro at the Miami Design District is a distinct resort-style condominium.
Read MoreAlta Developers Launches Sales At The Recently Completed Quadro At The Miami Design District
Alta Developers, a South Florida-based real estate development firm, has announced the completion and launch of sales at Quadro at the Miami Design District. Quadro at the Miami Design District is a resort-style condominium with 198 turn-key residences where art is integrated throughout the entire development.
Read MoreAlta Developers and Bacardi Foundation's South Miami Town Square Approved In South Miami
Alta Developers and the Facundo and Amalia Bacardi Foundation have been awarded approval by city commissioners to change the zoning needed to move ahead with South Miami Town Square, located at 5850 SW 73rd Street and 7331 SW 59 ave.
Read MoreConstruction Update: Alta Developers Goes Vertical on Quadro at Miami Design District
After completing foundation work, Alta Developers has begun vertical construction on Quadro. Located at 3900 Biscayne Boulevard, Quadro is located adjacent to the Miami Design District and is the second residential building to open with direct access to the district
Read MoreGreystone Development's 2500 Biscayne in Edgewater Officially Launches Leasing
Greystone development and Alta Developers has officially launched leasing at 2500 Biscayne in Edgewater. The residential apartment rental project, which was designed by Behar Font & Partners with RJ Heisenbottle Architects, rises 19-stories and features 156 residences which will become available for move-in this fall.
Read MoreAlta Developers Move Ahead with Quadro Mixed-Use Project Next to Design District
Alta Developers is moving ahead with its Quadro mixed-use project at 3900 Biscayne. They plan to build a 198-unit mixed use apartment building with 28,000 SF of commercial space in close proximity to Design District and Midtown. Alta Developers purchased the site for $18.36 million last year. Leasing for the commercial space is already underway. Revuelta will be the architect and Banco de Crédito e Inversiones of Chile will finance the project. Quadro will be 13 stories and will be delivered in 2018.