Senior Managing Director Charles Foschini, Managing Director Chris Apone and Senior Analyst Shannon Wilson of Berkadia Miami secured the financing on behalf of Neology Life Development Group, a lifestyle-driven residential and commercial real estate firm led by Lissette Calderon.
The financing is SCALE Lending’s first deal in South Florida.
Under the proposed special area plan, Sunbeam Properties would build 1,936 residential units, including 117 units of workforce housing, 870,000 square feet of office/retail space, a 112,500-square-foot hotel with about 300 rooms, and about 5,000 parking spaces.
Aztec Group’s Peter Mekras arranged the financing.
The Estate Companies developed the project in 2021 and achieved 95% occupancy in six months.
The project is slated for 2,351 residential units anbd 540,000 square feet of office space.
Construction of the high-end and modern FIRST Apartments project started in March 2020 and was successfully completed in fall 2021.
The new mixed-use apartment community named Alhambra Parc will feature 33-units and retail on the ground floor.
The mega complex features a 316-key Hilton Miami Bayfront Hotel with endless amenity and entertainment areas, 163 Sky Residences with exclusive owners-only amenities, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and 64,000 square feet of ‘Class A’ office space.
South Florida-based Two Roads Development acquired the 3.5-acre prime waterfront site with plans for an ultra-luxury branded residential property.
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