Leading real estate developers Related Group and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), have closed on $160 million in construction financing from Bank OZK for Waldorf Astoria Residences Pompano Beach (The Residences).
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Supertall Waldorf Astoria Hotel & Residences Miami Locks Down Largest Construction Loan In Florida History at $668 Million
PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton (NYSE: HLT) have secured $668 million in construction financing for Waldorf Astoria Hotel & Residences Miami.
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Terra Closes on $127 Million Refinancing Loan for Natura Gardens Development
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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CMC Group Locks Down $239 Million Construction Loan for Vita at Grove Isle in Coconut Grove
CMG Group, led by Ugo Colombo, has locked down a $239 million construction loan for Vita at Grove Isle, an ultra-luxe boutique condominium under construction on the exclusive private island of Grove Isle situated just offshore of Miami’s Coconut Grove neighborhood. The financing was provided by Bank OZK to fund the ongoing development of the seven-story condominium.
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2200 Brickell Secures $77 Million Construction Loan from Bank OZK
Aria Development Group, Largo and Place Projects have secured $77 million in construction financing for 2200 Brickell, a five-story luxury condominium development on Brickell’s lush Millionaire’s Row. The construction financing was provided by Bank OZK which was represented by King & Spalding. Hunton Andrews Kurth and The Aztec Group represented the developers. 2200 Brickell is slated to break ground in Q4 2023. Residences are priced from $1.2 million
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Robert Lapidus, Erik Rutter, Marcelo Claure & David Levison
L&L Holding Company and Oak Row Equities Break Ground On 'The Wynwood Plaza' One Million Square Foot Mixed Use Campus
L&L Holding Company and Oak Row Equities, along with project partner Shorenstein Properties and co-investor Claure Group, have broken ground on The Wynwood Plaza, a 1-million-square-foot mixed-use campus at 95 NW 29th Street in Miami’s Wynwood Arts District. This milestone, which took place with a groundbreaking celebration on March 2, followed by an afterparty at Oak Row Equities’ Oasis Wynwood, comes on the heels of securing $215 million in construction financing.
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Oak Row Equities And L&L Holding Company Secure Full Construction Financing For 'The Wynwood Plaza' One-Million-Square-Foot Dynamic Mixed-Use Campus
L&L Holding Company and Oak Row Equities today announced they have closed on $215 million in construction financing for The Wynwood Plaza, a one-million-square-foot campus that will bring class-AAA office, residential, retail and outdoor space to Miami’s famed Wynwood Arts District. L&L Holding, Oak Row Equities, alongside project partner Shorenstein and co-investor Claure Group, secured the loan from Bank OZK.
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Mega Mixed-Use Development Wynwood Plaza Locks Down $215 Million Construction Loan
L&L Holding Company, Oak Row Equities and Shorenstein have locked down $215 million in construction financing for Wynwood Plaza, a mega mixed-use development on a 2.85-acre site in Miami’s Wynwood Arts District. Managing Director Scott Wadler and Vice President Michael Basinski of Berkadia South Florida secured the financing on behalf of the developers.
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The Estate Companies Locks Down $76 Million Construction Loan For Soleste NoMi Beach In North Miami Beach
The Estate Companies, a subsidiary of Estate Investments Group (EIG), has locked down a $76 million construction loan for Soleste NoMi Beach apartments in North Miami Beach. The financing was provided by Bank OZK was arranged by Brian Gaswirth and Michael DiCosimo of JLL.
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Tricera Capital And Alex Karakhanian's LNDMRK Development Acquire Cube Wynwd For $28 Million
Scott Sherman and Ben Mandell’s Tricera Capital in partnership with Alex Karakhanian’s LNDRMK Development have acquired the recently completed Class A office building Cube Wynwd for $28 million. The transaction was financed with 19.6 million in financing.
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