Florida Concrete Unlimited

CMC Group Lands $239 Million Construction Loan For Vita at Grove Isle Condo At 5 Grove Isle Drive In Miami

Miami-based CMC Group, led by real estate developer Ugo Colombo, has obtained a $239 million construction loan from Bank OZK to develop Vita at Grove Isle. This luxury condominium project, currently under construction at 5 Grie Isle Drive on the private island of Grove Isle, near Miami’s Coconut Grove, will consist of a seven-story building with 65 waterfront residences, each boasting panoramic bay views and high-quality finishes. The project, which broke ground in April 2023, is progressing with vertical construction and is slated for completion by late 2025.

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YIMBY Scopes Aerial Views Of Wynwood’s First Hotel, The Nichols Architects-Designed Arlo Wynwood

YIMBY stopped by the recently opened Arlo Wynwood, a 9-story boutique hotel at 2217 Northwest Miami Court in Miami’s Wynwood Arts District. Designed by Nichols Architects with interiors by Meyer Davis and developed by Quadrum Global, the 114-foot-tall structure yields 217 rooms, marking the latest installation of the Arlo Hotels brand and the first hotel for the rapidly developing Wynwood area. Plaza Construction served as the general contractor for the development, which officially opened to the public on November 1.

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