Edifica - Florida YIMBY

Forman Capital Funds $54.56 Million Construction Loan for Condominium-Hotel Development in Miami’s Financial District

8:00 am on April 9, 2024 By Oscar Nunez

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, provided a $54.56 million construction loan to the developer of a condominium-hotel project in Miami’s Brickell Financial District. The 12-story, 172-unit Domus Brickell Park, designed by Zyscovich Architects with Urban Robot Associates as the interior designer, will bring a new condo-hotel brand, Domus FLATS (Flexible Apartments for Temporary Stays), to the market and fill a void for flexible ownership product.

12-Story Condo Development ‘Domus Brickell Park’ Gears Up To Break Ground Next Month at 1611 SW 2nd Avenue in Miami’s Brickell Financial District

8:00 am on February 29, 2024 By Oscar Nunez

Domus Brickell Park, a 12-story condominium development by North Development—a strategic joint venture between Ricardo Dunin’s Oak Capital and Edifica, one of Peru’s most prominent developers and builders—is gearing up to break ground next month. This milestone follows the successful conversion of reservations to contracts, with over 50% of the 171 residential units already sold, including the project’s sole commercial space. Located at 1611 Southwest 2nd Avenue in Miami’s Brickell Financial District, the project introduces the Domus FLATS concept (Flexible Apartments for Temporary Stays), blending luxury hotel convenience with rental income opportunities for owners, sparking significant interest in the community.