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12
Developer Duo Closes on $67.5M Financing for Coral Gables Condos
Constellation Group and The Boschetti Group closed on a $67.5 million construction loan for Cora Merrick Park, a boutique residential condominium in Coral Gables. Located at 4241 Aurora Street, Cora will deliver 74 residences. Lender BHI provided the financing, which was arranged by a Berkadia Miami team led by Scott Wadler and Matt Nihan. Construction on ...
The post Developer Duo Closes on $67.5M Financing for Coral Gables Condos appeared first on Connect CRE.
12
13th Floor Obtains $134M Construction Loan for Douglas Final Phase
13th Floor Investments, in partnership with Barings, has secured a $134 million construction loan to finance the development of Crescendo, the fourth and final residential tower at Link at Douglas. The construction financing is led by Santander Bank in partnership with TD Bank and First Horizon Bank. Located at 3070 SW 37th Avenue, adjacent to Miami-Dade County’s Douglas ...
The post 13th Floor Obtains $134M Construction Loan for Douglas Final Phase appeared first on Connect CRE.
11
122K-SF Margate Retail Center Trades for $21.5M
CBRE arranged the sale and financing of Coconut Creek Plaza, a 122,474-square-foot retail shopping center located at 5233-5289 Coconut Creek Parkway in Margate, Florida. The property sold for $21.5 million. The South Florida Business Journal reports it last traded for $12.3 million in 2015. CBRE’s Benjamin Silver and Kelley Greenstein represented the seller, Alliance XVI and secured CEMC Holdings ...
The post 122K-SF Margate Retail Center Trades for $21.5M appeared first on Connect CRE.
10
Gateway Jax Begins $50M Revamp of Historic Hotel Property
Gateway Jax is spending $50 million to transform the former Ambassador Hotel building into a new hotel concept. Founded in 2022, Gateway Jax was created in partnership with JWB Real Estate Capital and DLP Capital. Gateway Jax’s $2+ billion development pipeline spans 25 city blocks of mixed-use development in the Urban Core of Downtown Jacksonville ...
The post Gateway Jax Begins $50M Revamp of Historic Hotel Property appeared first on Connect CRE.