City National Bank of Florida

$69.9 Million Refinancing Secured for 4000 Ponce/The Collection in Coral Gables

8:00 am on July 11, 2024 By Oscar Nunez

Miami-based real estate development firm CMC Group has obtained a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce/The Collection, a nine-story Class-A mixed-use office and retail development in Coral Gables. Developed by CMC Group Founder Ugo Colombo in 2002, the Mediterranean-style building is also home to The Collection, a luxury car dealership featuring brands such as Ferrari, Aston Martin, and Porsche. The property is located at the intersection of Ponce de Leon Boulevard and Bird Road and includes 150,000 square feet of Class A office space and 32,000 square feet of ground-floor retail. It is over 90% leased to tenants, including Steinway & Sons, Coldwell Banker, and Hemisphere Media Group.

Developers Secure $86 Million In Construction Financing For 420-Unit Multifamily ‘Tuscany Village’ At 4201 West 1st Street In Sanford, FL

8:00 am on April 21, 2024 By Oscar Nunez

Royal Palm Companies, in collaboration with the Mattoni Group under RPM SANFORD LLC, have secured an $86 million construction financing loan for Tuscany Village, a multifamily complex soon to be developed at 4201 West 1st Street in Sanford, Florida. This project represents a significant advancement in expanding high-quality residential options within the Orlando–Kissimmee–Sanford Metro area. Located on the south frontage of State Road 46, between Upsala Road and Sewell Road, Tuscany Village is strategically positioned to become a key community in Sanford. The development will feature 420 residential units distributed across seven four-story buildings. A date for the commencement of construction is expected to be announced in the coming weeks, with a phased completion targeted for 2026.

Construction Commences On First Of Twin 25-Story Towers At Oasis Hallandale In Hallandale Beach

8:00 am on August 11, 2023 By Oscar Nunez

Construction is officially underway on the residential component for Oasis Hallandale, located at 1000 East Hallandale Beach Boulevard in the City of Hallandale Beach, marking the third phase for the sprawling 10-acre mixed-use community. Spearheaded by developer Giuseppe Iadisernia, the project is set to redefine luxury living in this coveted coastal destination. Iadisernia’s plan envisions the development of two iconic 25-story residential towers, offering a combined total of 500 condominiums. The west tower, the first of the twin structures, has broken ground, and it’s expected to welcome its first residents by 2025. Plans are already set to commence construction on the east tower in 2024, aiming for a completion date in 2026.

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