Rendering by DBOX
Fortune International Group and Château Group, developers of The St. Regis Residences, Sunny Isles Beach, Miami, announced today that they have secured a $418.3 million construction loan package. Bank OZK was the lender. The total package ranks among the largest ever for Sunny Isles Beach real estate.
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Related Ross has officially topped out South Flagler House, the developer’s first luxury condominium in Florida, at 28 stories. The milestone comes just one year after the start of vertical construction at the development, which is located at 1355 South Flagler Drive in West Palm Beach.
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South Florida-based real estate development firms CMC Group and Fort Partners have broken ground on Four Seasons Private Residences Coconut Grove, the highly anticipated luxury development marking the global brand’s first standalone residential offering in Florida.
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Michael Simkins, Ryan Shear and Alex Karakhanian - Image via World Red Eye
National developer PMG, Lion Development Group, and LNDMRK Development have broken ground on One West Twelve Residences (ONE W12), a luxurious residential building in the heart of Historic Overtown, which officially commenced on October 1.
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The FAA has approved a construction crane at the Four Seasons Private Residences Coconut Grove to rise 374’ at 2699 South Bayshore Drive. The Four Seasons Private Residences Coconut Grove is being developed by South Florida-based real estate development firms CMC Group and Fort Partners, together with leading luxury hospitality and branded residential company Four Seasons.
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L&L Holding Company and Oak Row Equities, along with project partner Shorenstein Properties and co-investor Claure Group, have topped out the 12-story boutique office tower at The Wynwood Plaza, a 1 million-square-foot mixed-use campus under construction in Miami’s vibrant Wynwood Arts District. The development will be defined by a half-acre, lushly landscaped public plaza by urban design practice James Corner Field Operations.
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Macken Companies has topped off Koya Bay, a luxury waterfront townhome community directly on the Intracoastal Waterway within the neighborhood of Eastern Shores. Located at 4098 NE 167 St. in North Miami Beach, Koya Bay features 10 four-story residences, each with a private elevator, expansive rooftop terrace and two-car garage with optional car lift. Boat slips are outfitted with water and electricity.
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Matthew Villetto with Douglas Elliman, Mayor Fuller, James Curnin Developer Clara Bay Harbor, Jay Parker CEO of Douglas Elliman Florida, Joe Azar with Douglas Elliman
On the heels of closing on a $26 million construction loan for Clara Bay Harbor, Clara Homes has broken ground on Phase 1 of its luxury rental development, Clara Bay Harbor. Located at 10281 W. Bay Harbor Drive, the first building, a six-story midrise, will feature 28 well-appointed apartments designed with the same quality and level of finish as a luxury condominium. Inspired by New York’s famous apartment buildings, with personalized doormen and concierge service.
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Robert Lapidus, Erik Rutter, Marcelo Claure & David Levison
L&L Holding Company and Oak Row Equities, along with project partner Shorenstein Properties and co-investor Claure Group, have broken ground on The Wynwood Plaza, a 1-million-square-foot mixed-use campus at 95 NW 29th Street in Miami’s Wynwood Arts District. This milestone, which took place with a groundbreaking celebration on March 2, followed by an afterparty at Oak Row Equities’ Oasis Wynwood, comes on the heels of securing $215 million in construction financing.
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Berkadia has arranged a $113 million loan to refinance Gateway at Wynwood, a 220,000-square-foot, Class A office and retail project designed by Kobi Karp in Miami’s Wynwood District. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Associate Director Robert Iudice of Berkadia South Florida arranged the loan on behalf of New York-based R&B Realty, a family-owned real estate management, leasing and construction company.
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