Concord Summit Capital Arranges $30 Million Construction Loan For 110-Unit Condo-Hotel Development
The 110-unit development will be located at 1136 SW 3rd Avenue.
The 110-unit development will be located at 1136 SW 3rd Avenue.
At full build-out, Midtown Park will feature six towers, including four residential buildings and two office structures.
Located at 7909–7911 East Drive, the site spans 23,707 square feet and is currently occupied by two older residential buildings totaling 29 units.
The project is designed to alleviate traffic by bringing jobs and entertainment closer to home.
He joins Cushman & Wakefield from Berkadia and has more than 20 years of experience in Florida commercial real estate.
The project is under review by the Local Planning Agency and City Commission, with a final vote scheduled for October 8, 2025.
Colliers Vice President Virgilio Fernandez and Associate Alain Crego represented the seller, Robinson Julien, in the transaction. The buyer was self-represented in the purchase of the site.
Residents will benefit from the unprecedented step of securing annual rental rates for 10 years.
The 12-story development will feature luxury studios, one-, and two-bedroom apartments along with 12,500 square feet of ground-floor retail.
CBRE’s Calum Weaver and Perry Synanidis represented the seller, IMC Equity Group, in the transaction.
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