Sales at Ugo Colombo’s CMC Group’s Brickell Flatiron have reached 87% of its 527 units and the developer has lowered deposits to 30% as it aims to capitalize on recent local and domestic buyer interest and leverage Fannie Mae loans to attract end-users.
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The Revuelta Architecture-Designed Bijou Bay Harbor Tops Off Powering Towards An Expected Completion This Summer 2019
Bijou Bay Harbor, the luxury boutique condominium developed by Ability by Acierto on Bay Harbor Islands, has topped off at 75’ and is is slated for completion in July 2019. Bijou Bay Harbor broke ground in June 2017 with Coastland Construction as the general contractor for the project.
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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.
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Aston Martin Residences Locks Down $200 Million Construction Loan
G&G Business Developments has locked down a $200 million construction loan for Aston Martin Residences, now under construction in Downtown Miami. The financing is being funded by Itaú BBA International plc, a London affiliate of the Brazilian bank, and was borrowed by Riverwalk East Development LLC, an affiliate of G&G Business Developments LLC.
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Construction On Ugo Colombo's Brickell Flatiron Passes The Halfway Mark, Powering Towards 736'
Vertical construction on Ugo Colombo's CMC Group’s Brickell Flatiron, a 64-story luxury condominium tower rising in Downtown Miami’s Brickell neighborhood, has reached the halfway mark as builders finish construction of the skyscraper’s 32nd floor.
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Construction at CMC Group's Brickell Flatiron Passes The 29th Floor As The First Glass Is Installed
Construction at Ugo Colombo and CMC Group's Brickell Flatiron tower is continuing to cruise as Moss construction crews have surpassed the building’s 29th floor and glass has begun to be installed. Construction is expected to continue to move at a rate of one full floor level completed every week until top-off in December of 2018.
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The Revuelta Architecture-Designed Bijou Bay Harbor Now 75% Sold Out
Bijou Bay Harbor has announced that the 41-residence boutique condo development is now 75% sold. Recent buyers are reportedly coming from the United States, particularly South Florida and other large U.S. metro areas.
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Ability by Acierto Closes on $14 Million Construction Loan For Bijou Bay Harbor
Ability by Acierto just closed on a $14 million of construction loan for Bijou Bay Harbor, their new luxury condominium development on Bay Harbor Islands. The Miami-based LV Lending is providing the financing. Ability by Acierto is led by Juan Carlos Gonzalez and the developer broke ground on the 41-unit building located at 9521 East Bay Harbor Drive in December 2016.
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The Penthouse at The Holly Hunt-Designed L'Atelier Residences Sells For $21 Million
The penthouse at L’Atelier Residences on Miami Beach as sold for $21 million. The buyer is KAYAK cofounder Steve Hafner who was able to lock down the spread that was originally asking $33 million off-market and later $25 million when first publicly listed. The sale price equates to $1,721 SF.
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Construction Update: PARAMOUNT Fort Lauderdale Completed, 56 Units Already Closed
PARAMOUNT Fort Lauderdale has been completed and closings have already begun. 56 units have closed so far in the building which is set to sell out for $210 million. PARAMOUNT Fort Lauderdale is being developed by Dan Kodsi, Art Falcone and Nitin Motwani who launched sales in 2014.
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