KAR Properties, led by Shahab Karmely, have closed on a $128 million condo inventory loan for the recently completed 2000 Ocean in Hallandale Beach. Madison Capital Realty provided the loan which will be used to pay off a $103 million construction loan issued by Apollo Commercial Real Estate Finance in 2018.
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Four Seasons Surf Club
PROFILE Exclusive: Inside The Mind Of Kobi Karp, Designing For The Future By Remembering South Florida's Culturally Rich Past
Kobi Karp’s restoration design techniques have contributed to a renaissance in one of the United States’ most iconic neighborhoods, Miami Beach’s Art Deco District, which is internationally recognized around the world for its culture, lifestyle and architecture. Kobi has designed everything from large-scale, high-rise condominium and hospitality projects to intimate, small-scale low-rise residential and commercial structures.
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Douglas Elliman Releases June 2020 New Signed Contracts Report for Florida
Douglas Elliman in conjunction with Miller Samuel, a leading independent appraisal firm, has released its second monthly recurring report for June 2020. The report focuses on the new contracts signed and new listings that entered the rapidly changing market in Douglas Elliman’s Florida regions of Miami-Dade, Broward, Palm Beach, Pinellas, and Hillsborough.
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6530 Allison Island
Douglas Elliman Releases May 2020 New Signed Contracts Report for Florida
Douglas Elliman in conjunction with Miller Samuel, a leading independent appraisal firm, has just released its May 2020 New Signed Contracts Report, which reveals that the number of newly signed contracts across property types in Florida was at a high last month, despite there being lower levels of new listing inventory coming online.
Read MoreVideo: 2000 Ocean by KAR Properties Construction Update
New York-based developer KAR Properties has shared their latest construction update and renderings for 2000 Ocean, a beachfront condo development in Hallandale Beach. It has been going vertical since June 28th, when Suffolk poured one of the largest concrete pours in the city in a decade. Today, the building is over 50% complete and hurricane glass has been installed up to the eighth floor.
Upon completion, the building will be positioned closer to the ocean than its neighboring buildings and will include luxury amenities like furnishings by the Italian design brand Minotti, a transformative art curation program spearheaded by curator Megan Kincaid, and wellness amenities found in some of the world’s most luxurious resorts.
KAR Properties expects to finish construction of 2000 Ocean in mid-2021.
Exterior renderings.
Poolside at dusk.
Sauna.
By Katya Demina
KAR Properties Locks Down $103 Million Construction Loan For 2000 Ocean Designed By Enrique Norten In Hallandale Beach
Shahab Karmely’s KAR Properties has locked down a $103 million construction loan for the now under construction 2000 Ocean in Hallandale Beach. The financing is being provided by Apollo Commercial Real Estate Finance, a New York-based real estate investment trust.
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The Enrique Norten-Designed 2000 Ocean Breaks Ground In Hallandale Beach
KAR Properties has officially broken ground on 2000 Ocean in Hallandale Beach, designed by Enrique Norten of TEN Arquitectos. Suffolk Construction is the contractor on the project where sales launched in November 2017 with pricing starting at $2.6 million. 2000 Ocean is expected to be delivered in 2020.
Read More2000 Ocean Designed By Enrique Norten To Break Ground In Early 2018 In Hallandale Beach
2000 Ocean is gearing up to break ground in Hallandale Beach after launching sales in November 2017. The beachfront condo tower is designed by Enrique Norten's TEN Arquitectos and will rise 40 stories, providing spectacular views of the Atlantic Ocean and Intracoastal Waterway. The boutique condo tower features 64 residences, the smallest being a 2,913 SF half floor 3 bedroom and ranging up to 5,832 SF full floor 5 bedroom penthouse residences. Pricing starts at $2.8 million.
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