Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing for the development. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan, which was provided in 2021 by Bank OZK. Completed in Summer 2023, Natura Gardens includes 460 garden-style rental apartments across 23-acres in Miami’s West Hialeah neighborhood.
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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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FIRST ON PROFILE: Oak Row Equities and LNDMRK Development Reveal 2900 Terrace in Edgewater
FIRST ON PROFILE: Oak Row Equities, a dynamic vertically-integrated real estate private equity and development company with over $1.6 billion of development in South Florida, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions, revealed final design plans for 2900 Terrace in Edgewater, Miami following approval from the UDRB.
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Mixed-Use Multifamily Development Wynwood Haus Launches Pre-Leasing In Wynwood
Wynwood Haus, a new mixed-used, multifamily development designed to encourage living, working, wellness and community in one central locale, has launched pre-leasing for its 224 luxury apartment homes and prepares to welcome its first residents by year's end. Leasing is overseen by Metro1.
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Neology Life's No.17 Residences Allapattah Locks Down $31.456 Million Refinancing
Berkadia has secured a $31 million loan to refinance No.17 Residences Allapattah, a 192-unit attainable luxury apartment rental building in the Fruit Packing District of Allapattah. Berkadia South Florida secured the financing on behalf of Neology Life Development Group, a lifestyle-driven residential and commercial real estate firm, led by Lissette Calderon, that specializes in the transformation of overlooked and undervalued communities into vibrant urban neighborhoods. Fannie Mae originated the 10-year loan with five years of interest-only.
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Housing Trust Group Delivers Flagler Station Affordable Apartment Community in West Palm Beach
Housing Trust Group (HTG), a developer of market-rate and affordable housing, has completed Flagler Station, a new $33 million affordable apartment community located in downtown West Palm Beach, Florida. It is the first new affordable apartment community to be built in the city’s downtown in 30 years.
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Clara Homes Receives Site Approval For Third Rental Building At Clara Bay Harbor
Clara Homes, a Miami-based real estate development firm founded by James Curnin, has received the approval for its third building and site plan at Clara Bay Harbor, a three-building ultra-luxury rental community in Miami's Bay Harbor neighborhood. Located from 10200 to 10290 East Bay Harbor Drive, the project's third and final six-story building will feature 77 expansive apartments as the largest of the three, spanning 1.3 acres.
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Fisher Brothers Reveals Wynhouse Miami, Mixed-Use Multifamily Development in Wynwood
Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, today announced the start of construction of Wynhouse Miami, a mixed-use multifamily development in the heart of Miami’s Wynwood neighborhood. Wynhouse Miami will rise eight stories and offer 308 rental residences, approximately 26,000 SF of ground floor retail and paseo space and nearly 25,000 SF of expansive indoor and outdoor amenities.
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CYMBAL DLT Companies Locks Down $95 Million Loan For Newly Built Oasis Pointe Residences In Dania Beach
Miami-based real estate development and construction firm Cymbal DLT Companies has secured a $95 million loan from an undisclosed senior lender and from Related Fund Management for Oasis Pointe Residences, a multifamily complex in Dania Beach that they recently developed and will now continue to be part of the Cymbal DLT Collection of communities in South Florida.
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EDEN Multifamily and The Dermot Company Reveal Plans For Downtown Miami Kobi Karp-Designed High-Rise Residential Project In District 11
Prolific Miami-based real estate development firm EDEN Multifamily has partnered with multifamily developer and investor The Dermot Company to bring a Class-A, luxury rental residential tower to downtown Miami’s Park West District 11. EDEN and Dermot plan to develop a 44-story, 430-unit high-rise designed by the award-winning architect Kobi Karp in one of the hottest residential and entertainment neighborhoods in the world.
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