Douglas Elliman

42 Pine Lands $35.5 Million Construction Loan From BridgeCity Capital, Reaches 50% Sold Mark

Brooklyn, New York-based BridgeCity Capital is providing $35.5 million in financing to Miami Beach-based JP Roosevelt to begin construction on 42 Pine, an 8-story boutique condominium building envisioned for 340 West 42nd Street between Sheridan Drive and Pine Tree Drive in Nautilus, Miami Beach. The project is designed inside and out by Arquitectonica with landscaping by ULU Studio and offers 50 well-appointed residences spanning 700 to 2,700 square feet, ranging between 1-to-3 bedroom residences and penthouse units. Sales launched just over a month ago, and has already reached the 50% sold mark. Units are priced from $700,000 to $4,000,000 with sales and marketing exclusively handled by Mushka Jacobson of Douglas Elliman.

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Waldorf Astoria Miami. Rendering courtesy of ArX Solutions USA LLC.

PMG & Greybrook Officially Announce The 1,049-Foot-Tall Waldorf Astoria Miami

Developers Property Markets Group (PMG) and Greybrook Realty Partners have officially announced their next grand development, and it will come in the form of a mixed-use supertall skyscraper that will become not only the tallest, but also the first to rise of its height class in the state of Florida; the Waldorf Astoria Hotel and Residences. Addressed as 300 Biscayne Boulevard, the 100-story tower will elevate the Downtown Miami skyline to new heights at 1,049-feet, additionally picking up the title of the tallest building south of New York City. It will rise at the northwestern corner of Biscayne Blvd and NE 3rd Street, right across from Bayfront Park and Bayside Marketplace.

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