Blue Road

BGI Companies Selects Moss Construction As The Construction Management Firm For Alba Palm Beach

8:00 am on December 20, 2023 By Oscar Nunez

Miami-based real estate development firm BGI Companies has appointed Moss Construction as the construction management firm to complete Alba Palm Beach, a 22-story, 262-foot residential building at 4714 North Flagler Drive directly on the Intracoastal waterways in the emerging Northwood neighborhood of West Palm Beach. Designed by Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect and developed in partnership with Blue Road, Alba Palm Beach is set to deliver a boutique collection of 55 luxury residences by 2025; units are priced from $3 million and are currently 45 percent sold.

BGI Capital Announces Closing Of $95 Million Construction Loan For 22-Story ‘Alba Palm Beach’

8:00 am on November 10, 2023 By Oscar Nunez

Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, has announced the closure of a $95 million construction loan in partnership with Wexcor Capital, a New York City-based real estate investment, management, and advising firm. The loan was financed by Kriss Capital, a New York City-based direct lender specializing in construction and bridge loans for residential assets, and it will facilitate the completion of Alba Palm Beach.

Fortune International Group Breaks Ground On ‘Nexo Residences’ At 13899 Biscayne Boulevard In North Miami Beach

8:00 am on October 16, 2023 By Oscar Nunez

Fortune International Group, in collaboration with Blue Road, has officially announced the groundbreaking of Nexo Residences, a 15-story condominium project offering full home-sharing capabilities at 13899 Biscayne Boulevard in North Miami Beach. Designed by Frankel Benayoun Architects Inc. with consultation from internationally-renowned architect Carlos Ott, and common areas, residential interiors, and landscaping curated by Urban Robot, the development features 254 fully furnished residences, giving homeowners complete discretion over their usage. Prices start from the mid $600s, offering a range of options from studios to four-bedroom townhomes, from 531 to 2,190 interior square feet. Nexo Residences, exclusively marketed by Fortune Development Sales, is expected to be completed in 2026.

Fortune International Group And Blue Road Launch EB-5 Investment Opportunity For Nexo Residences In North Miami Beach

8:00 am on August 18, 2022 By Oscar Nunez

Miami-based Fortune International Group and Bay Harbor Islands-based Blue Road announced that Nexo Residences, a 15-story condominium project planned for construction in North Miami Beach with unrestricted home-sharing rental capabilities, is now designated for EB-5 Program investment. Located at 13899 Biscayne Boulevard, Nexo Residences is one of the first condo projects in the rapidly growing area that offers short-term rental capability without restrictions amidst its 254 residences. Designed by Frankel Benayoun Architects Inc. with consultation from internationally-renowned architect Carlos Ott, and common areas, residential interiors, and landscaping curated by Urban Robot, the project’s well-thought, resort-style amenities are coupled with connectivity throughout to make one’s stay on the property seamless – giving meaning to the brand’s name, Nexo, which is “nexus” in Spanish, a central point for its location, lifestyle and technology.

Fortune International Group And Blue Road Launch 15-Story Nexo Residences In North Miami Beach

8:00 am on April 21, 2022 By Oscar Nunez

Fortune International Group, one of South Florida’s preeminent leaders in residential real estate development, in partnership with Bay Harbor Islands-based Blue Road, have launched Nexo Residences, a 15-story residential building planned for 13899 Biscayne Boulevard in North Miami Beach. Designed by Frankel Benayoun Architects Inc. with consultation from internationally-renowned architect Carlos Ott and Urban Robot Associates handling landscaping and interiors, the structure will yield 254 move-in ready condominium residences with short-term rental capability, one of the first of this kind for North Miami Beach. The developers, who are reportedly under contract to purchase the property, hope to break ground later this year on the triangular 1.74-acre site, bound by Northeast 139th Street on the north, Biscayne Boulevard on the west, Highland Drive on the south and Northeast 20th Place on the east. Fortune Development Sales is exclusively handling sales and marketing, with units starting from $400,000.

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