The South Florida-based Two Roads Development, led by Taylor Collins and Reid Boren, have locked down $150 million in funding for a waterfront condo buyout in Miami’s Edgewater neighborhood. Lionheart Strategic Management LLC (Lionheart) will be providing a $45 million mezzanine loan, backed by a $105 million senior mortgage loan from Bank OZK.
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Aztec Group Delivers $102 Million In Construction Financing For 352 Unit RIVR Lofts In Fort Lauderdale
Aztec Group, Florida’s leading real estate investment and merchant banking firm for over 40 years, announces that Peter Mekras has arranged $102,000,000 in construction financing for RIVR (River) Lofts in Ft. Lauderdale, Florida. RIVR Lofts features a desirable location in Fort Lauderdale’s Central Business District in the emerging Tarpon River Entertainment & Design District and will be a mixed-use, luxury, high-rise rental apartment community with 352 residential units.
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PMG Partners With Prop-Tech Company Sentral To Develop Dual-Tower Multifamily In Brickell
National investment, development, and asset management firm PMG, and Sentral, the rapidly expanding prop-tech company creating the world’s largest flexible living community, have announced a partnership to develop a two-phase, 803-unit multifamily community with more than 15,000 square feet of retail space in the heart of Miami’s Brickell neighborhood.
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First Look Inside MAJOR, Major Food Group and JDS Development's Residential And Hospitality Supertall Tower Coming To Brickell
Major Food Group (MFG) and JDS Development Group (JDS) have revealed the first images of MAJOR, the highly anticipated 90-story residential and hospitality tower, located at 888 Brickell Avenue. MAJOR will feature 259 custom residences conceived as fully hybrid layouts. Each Major Residence is designed to enable the seamless conversions into Major rooms and suites for guests.
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ArquitectonicaGEO-Designed Canopy Park Opens To Public On Alton Road In Miami Beach
Canopy Park, Miami Beach’s new three-acre community park situated between the 600 and 700 blocks of Alton Road, is now open to the public. Park-goers can enjoy open greenspaces shaded by native tree species, pedestrian trails and bike paths, an outdoor gym and dog run, a MONSTRUM-designed children’s playground, and public art displays.
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Pebb Capital And LeaseFlorida Sell Trophy Miami Beach CVS For $17.73 Million
Pebb Capital, in a partnership with LeaseFlorida, has sold a trophy retail condominium asset on Miami Beach for $17.73 million to California-based Cove Capital Investments. CVS Health (CVS), the largest national pharmacy health care provider and a publicly traded company, is the long-term tenant, which signed a 25.5-year lease in May 2021.
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First Commercial Property To Accept Crypto In Broward County Lists on RealOpen
The first commercial property to accept crypto in Broward County has hit the market for $6.11 million. Located at 3625 W Broward Blvd., the property is also the first commercial property to be listed on RealOpen. RealOpen was founded by the star of Netflix's Selling Sunset, Christine Quinn and Christian Dumontet, and serves to move digital assets directly into real estate.
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Aventura Home In The Exclusive Island Estates Trades For Record $11.9 Million
A waterfront home in the exclusive Island Estates in Aventura has sold for a record $11.9 million. The mediterranean home is located at 4042 Island Estates Drive in the Island Estates private gated community which features 22 estate homes. The residence features 5 bedrooms, 6 bathrooms and 2 half baths. The unique tri-level home sits along 251 feet of wide bay views and has 2 deeded docks
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Block E In Downtown Miami's Arts & Entertainment District Trades For $19.75 Million
A 37,252-square-foot development site known as Block E at 1550 NE Miami Place in the heart of the Arts and Entertainment District has traded for $19.75 million. The site is located within the boundaries of the opportunity zone and is zoned T6-24a O which allows the developer to build up to seven times the property land square footage and up to 500 units per acre.
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Boynton Beach Office Building Sells For 75% Value Increase In 1 Year
An Atlanta and South African-based buyer, OrbVest US, Inc., recently closed on Congress Executive Center, a 4-story medical and professional building located at 1301 N. Congress Avenue in Boynton Beach, FL. The property, which was 100% occupied, closed on May 12, 2022, for $11 million. The transaction represents a 75% increase in value in just one year.
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