$668 Million Financing For Miami’s First Supertall Tower Marks Largest Residential Condo Construction Loan In Florida’s History
The property is currently over 90 percent sold.
The property is currently over 90 percent sold.
Here are the most popular news headlines this past week on CRE-sources.
The project will consist of a Class A, two-building, variable-depth multi-tenant industrial development totaling 457,110 square feet situated on 30.78 acres.
BEC Realty Trust, led by Frank Espinosa, paid $9,200,000, the full asking price, marking a twenty-five percent increase in value.
The 50-seat restaurant with outdoor seating at Gateway Shopping District will feature the cuisine that Guy Fieri lauded as “the best Greek food” he’s ever tasted in a 2023 “Diners, Drive-Ins and Dives” episode.
The portfolio consists of 16 apartment buildings.
He has also been consistently recognized by NAIOP South Florida, including Sale of the Year (2023), Private Office Sale of the Year (2021, 2022), Rookie of the Year award (2018), and Capital Markets Team of the Year (2017).
The project will be situated on the 4.2-acre vacant lot at the corner of NW 53rd Street and NW 52nd Terrace.
The 8,501-square-foot lease marks the gym chain’s third location to open in the U.S., with the brand planning an explosive expansion that targets another 10 to 15 new gym locations in key markets across Florida.
The site includes a 25,000-square-foot, 10-door maintenance shop as well as a 3,000-square-foot standalone office building.
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