KAR Properties, led by Shahab Karmely, have closed on a $128 million condo inventory loan for the recently completed 2000 Ocean in Hallandale Beach. Madison Capital Realty provided the loan which will be used to pay off a $103 million construction loan issued by Apollo Commercial Real Estate Finance in 2018.
Read More
Related Group Locks Down $91.3 Million Construction Loan For Solemar In Pompano Beach
Related Group has locked down a $91.3 million construction loan for Solemar, a luxury oceanfront condo building currently under construction at 1116 N Ocean Blvd. in Pompano Beach. The loan was provided by CIBC Bank USA.
Read MoreRelated Group Breaks Ground On The Arquitectonica-Designed Solemar In Pompano Beach At 80% Sold
The Related Group, one of the premier real estate developers in South Florida, has broken ground on Solemar, a luxury beachside condominium in Pompano Beach. The project is now 80% sold after launching sales in September 2020.
Read More
LA CLARA Locks Down $110 Million In Construction Financing In West Palm Beach
Great Gulf and Terrace Mountain Investors have obtained $110 million in construction financing from Bank OZK for LA CLARA, a 25-story, 83 unit condo tower under construction in West Palm Beach. Sales have reportedly eclipsed 50% and over $100 million including an $8.9 million penthouse.
Read More
Metro Edgewater Gearing Up To Break Ground In Edgewater's Paraiso District
Colombian developer Carlos Ortiz is gearing up to break ground on his planned rental apartment building, Metro Edgewater, which will be located in Edgewater’s Paraiso District. The project recently received FAA approval and is expect to break ground in January 2021 pending the issuance of building permits.
Read MoreRelated Group Launches Sales At The Arquitectonica-Designed Solemar In Pompano Beach
The Related Group, one of the premier real estate developers in South Florida, has launched sales of Solemar, a luxury beachside condominium in Pompano Beach. The 105-residence building is the first-of-its-kind for the city of Pompano Beach, as it is currently the only on-the-sand luxury offering in this dynamic coastal enclave.
Read More
Plans Submitted For Paraiso Place To Bring 279 Rental Apartments To Edgewater
Metro Edgewater, LLC., led by Colombian developer Carlos Ortiz, as submitted plans to Miami’s Urban Development Review Board for Paraiso Place, a 279-unit apartment building coming to the recently opened Paraiso district in Edgewater. A hearing has been scheduled for November 20, 2019.
Read More
The Mess At Melreese Golf Club Gets Worse As Miami Freedom Park Gets Delayed Again
There is just no telling where the supposed deal to bring a professional soccer stadium to Miami will end up after Miami city commissioners voted on Tuesday to continue negotiations with the group, led by Jorge Mas of MasTec, in regards to the projected $1 billion mixed-use office and retail project.
Read MoreThe Harry Pontarini & Stantec-Designed Luxury Condo LA CLARA Breaks Ground In West Palm Beach
LA CLARA, West Palm Beach’s new luxury 25-story residential building by internationally award-wining Canadian real estate developer Great Gulf has broken ground. Stantec is the architect of record, working in partnership with design architect Hariri Pontarini Architects, for the waterfront development located at 1515 South Flagler Drive in West Palm Beach, Florida.
Read More
Brazilian Billionaire Jose Isaac Peres Reveals Plans For 312 Ocean Park In South-Of-Fifth
Brazilian billionaire developer Jose Isaac Peres of Multiplan Real Estate Asset Management, has proposed 312 Ocean Park in South Beach’s South-Of-Fifth neighborhood. 312 Ocean Park will be a luxury, boutique condo building located at 304 and 312 Ocean Drive, the 11,500 SF lot vacant lot across from Marjory Stoneman Douglas Park.
Read More