Berkadia Arranges $401M Loan For Catalfumo’s Ritz-Carlton Palm Beach Gardens Condos
The project, which features 106 residences and a 29-slip private marina, is located on the last 14 contiguous acres of Intracoastal waterfront in the Palm Beaches.
The project, which features 106 residences and a 29-slip private marina, is located on the last 14 contiguous acres of Intracoastal waterfront in the Palm Beaches.
Completed in 2024 at 1765 N. Miami Avenue, Wynwood Haus is a 20-story property located at the entrance of Wynwood and offers studios, one- and two bedroom-units, along with 6,824 square feet of ground floor retail.
The 689,940-square-foot portfolio consists of 20 warehouse buildings located in the Medley submarket.
The property is currently 100% occupied and has historically operated at full occupancy during Urban Street Development’s ownership.
Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez and Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsors, Neology Development Group and American Opportunity Zone Advisors (AOZA).
Managing Director Scott Wadler and Vice President Michael Basinski of Berkadia Miami, secured a $36.08 million loan on behalf of the developer, Fortune International Group.
Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Associate Director Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsor Neology Development, an award-winning, lifestyle-driven real estate firm led by Lissette Calderon.
501 First Residences, located on NE First Avenue, will deliver 448 luxury condos to downtown Miami.
Knotel, a flexible workspace platform founded in 2015 in New York, is slated to occupy the entire 46,072-square-foot property.
The to-be-built warehouse will total 174,348 square feet.
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