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.
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Stock Residences Breaks Ground On The Ritz-Carlton Residences, Naples
The Ritz-Carlton Residences, Naples, the first Ritz-Carlton-branded private residences in Naples, FL, has broken ground. With an idyllic setting flanked by Vanderbilt Beach and the Gulf of Mexico to the west and Vanderbilt Lagoon to the north, The Residences are slated for delivery in 2026 and will feature a limited collection of just 128 dwellings and penthouses, along with over 50,000 SF of amenities, spread throughout five boutique buildings.
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Only Luxury Condominium to be Delivered in South Beach This Year Tops Off
Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge.
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Choeff Levy Fishman Architects-Designed Hibiscus Island Tropical Modern Estate Lists For $37.5 Million
320 S. Hibiscus Drive on the guard-gated enclave of Hibiscus Island in Miami Beach has hit the market for $37.5 million, listed with The Jills Zeder Group. The home includes seven bedrooms and seven-and-one-half bathrooms spread over 7,818 square-feet of living space with 90 feet of prime waterfront along azure Biscayne Bay.
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Alba Palm Beach Closes On $95 Millon Construction Loan
Miami-based BGI Capital has closed on a $95 million construction loan sourced in partnership with Wexcor Capital, a New York City-based real estate investment, management & advising firm, and financed by Kriss Capital, an New York City-based direct lender making construction and bridge loans on residential assets, to fund the completion of Alba Palm Beach.
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Fashion Icon Naeem Khan Lists Penthouse Residence in Ten Musuem Park For $2.988 Million
Located at the prestigious Ten Museum Park, a penthouse owned and designed by fashion icon Naeem Khan, has hit the market for $2.988 million. Located at Ten Museum Park, UPH4606 exudes timeless design and refined elegance meet an unbeatable location. The stunning home features 3 bedrooms and 3.5 bathrooms, with 2,560 SF of living space and 1,729 SF of exterior space.
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Check Out This Golden Beach Oceanfront Compound Which Just Hit The Market For $68 Million
Directly on the sands of Golden Beach, a rare oceanfront compound offering a main residence, a guest house and a secondary estate have hit the market asking $68 million. Offering a combined 10 bedrooms, 18 Bathrooms, 13,323-square feet of interiors on a 60,486-square foot lot with 233-feet of oceanfront, this compound listing is a Florida dream.
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FIRST ON PROFILE: The Residences at 1428 Brickell Reveals $60 Million Penthouse Designed By ACPV Architects
FIRST ON PROFILE: 1428 Brickell has revealed their ground-breaking $60 million, two-story, fully-finished penthouse crowning The Residences at 1428 Brickell. The penthouse residence encompasses over 12,000 square feet set under a soaring 30-foot ceiling, unveiling an unrivaled tapestry of views. The Residences at 1428 Brickell is being developed by 1428 Brickell, LLC, a subsidiary of Miami-based real estate development firm Ytech.
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Sabal Development Sells Modern Oceanfront Spec Mansion in Highland Beach For $30 Million
Sabal Development, led by Pascal Nicolai, has sold an oceanfront spec home in Highland Beach known as La Plage Villa, for $30 million. The home was listed with Carmen D’Angelo and Joseph Liguori of Premier Estate Properties and Nadine Cory of City Real Estate Corporation represented the unnamed buyer.
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Rendering via Binyan Studios
PPG Development Launches Kobi Karp-Designed Bay Harbor Towers in Bay Harbor Islands
PPG Development and L3C Capital Partners have launched sales for Bay Harbor Towers, an eight story luxury waterfront condominium located at 10143 East Bay Harbor Drive in Miami’s exclusive Bay Harbor Islands. Fortune Development Sales will lead the exclusive sales and marketing of Bay Harbor Towers with prices starting at $1.9 million.
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