Related Group (Related), Rockpoint, and Two Roads Development have closed on $424 million in financing for the construction of Rivage Residences Bal Harbour (Rivage). The loan was provided by TYKO Capital, a multi-billion-dollar commercial real estate investment management platform led by Adi Chugh.
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Construction Begins on Ultra-Luxury Rivage Bal Harbour Condominium Development
Construction has officially begun on Rivage Bal Harbour, a new ultra-luxury condominium project located in one of South Florida’s most exclusive communities. The project is a collaboration between Related Group, Rockpoint, and Two Roads Development, with architecture by the renowned firm Skidmore, Owings & Merrill (SOM) and interiors designed by Rottet Studio.
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Penthouse At Rivage Bal Harbour Hits The Market For $75 Million
A stunning ultra-luxe penthouse has recently hit the market at Rivage Bal Harbour for $75 million, setting the one-of-a-kind unit as one of the most expensive listings in Miami. Rivage Bal Harbour is a 54-unit luxury oceanfront condominium being developed by Related Group, Two Roads Development, and Rockpoint.
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Mast Capital and Rockpoint Top Off Multi-Family Development At Gateway To Miami Beach
As the appetite for apartment living in Miami Beach continues to soar, Mast Capital, a Miami-based development firm led by Camilo Miguel, Jr., in partnership with Boston-based real estate private equity firm Rockpoint, have topped off construction on its newest luxury rental community on Alton Road.
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Mast Capital Breaks Ground on Arquitectonica-Designed Luxury Multifamily Development At Entry To Miami Beach
As demand for apartment living in Miami Beach continues to reach record levels, Mast Capital, led by Camilo Miguel Jr., in partnership with Rockpoint, have launched its latest multifamily community set to transform the entry to Miami Beach at the intersection of the Julia Tuttle Causeway and Alton Road. Mast Capital and Rockpoint plan to develop a nine-story multifamily development with 178 units, located just off the Julia Tuttle Causeway.
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Related Group, Two Roads Development and Rockpoint Reveal Rivage, Bal Harbour's First New Condo In Over A Decade
Industry leaders Related Group (Related), Two Roads Development and Rockpoint have revealed Rivage Bal Harbour (Rivage), a rare condominium property located in one of South Florida’s most exclusive enclaves. Made up of only 61 sky villas, the oceanfront development boasts an all-star design team, with Skidmore, Owings & Merrill (SOM) and Rottet Studio leading architecture and interior designs, respectively.
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Joint Venture Led By Tricera Capital Acquires One Clearlake Centre Office Tower In West Palm Beach For $60.7 Million
A joint venture between Scott Sherman’s Tricera Capital, NDT Development, New England Development and Rockpoint Group have acquired the One Clearlake Centre office tower in West Palm Beach for $60.7 million. The seller was a joint venture between the Dallas-based real estate investment firm Velocis and CREC.
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Taurus Investment Holdings To Redevelop Civica Center Into Medical Space
The Boston-based Taurus Investment Holdings has acquired the Civica Center for $30.5 million in Miami’s hot Allapattah neighborhood. The Civica Center is located at 1050 NW 14th Street at the entrance to Miami’s Health District, which is home to a large concentration of medical firms and institutions including the University of Miami Leonard Miller School of Medicine.
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Aloft South Beach Sells for $105 Million, Now The Gates Hotel
JMH Development has sold Aloft South Beach to Rockpoint Group for $105 million as of last week. The deal was reported to be for $446,809 per key for the 235-room hotel which will now operate as The Gates Hotel South Beach. JMH Development acquired the property in 2004 for $12.5 million and converted it into a hotel in 2011 with Lightstone Group. It opened as an Aloft Hotel in 2015 and is located at 2630 Collins Ave. on Miami Beach directly across from One Hotel and features Continental Miami, a Stephen Starr American Fusion Restaurant.
