8:00 am on November 20, 2024 By Oscar Nunez

The Armani Group Partners with South Florida Developers for Armani/Casa Residences Pompano Beach

Armani/Casa Residences Pompano Beach, a two-tower luxury condominium project, is coming to 1550 North Ocean Boulevard in Pompano Beach. Developed by SP Developments, Vertical Developments, WellDuo, and GCF Development, the project will introduce 28 exclusive oceanfront residences, each occupying an entire floor across 19 stories. Sales are being led by Fortune Development Sales, with units starting at $5 million. Groundbreaking is scheduled for 2025, with completion expected in 2028.

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$94.5M Construction Loan Secured for 24-Story Multifamily Tower ‘Excel Miami’ in Miami’s Arts & Entertainment District

8:00 am on November 19, 2024 By Oscar Nunez

Construction is progressing at Excel Miami, a 24-story multifamily tower rising at 1550 Northeast Miami Place in Miami’s Arts & Entertainment District. The project has secured $94.5 million in construction financing, comprising a $68.5 million senior loan from Centennial Bank, facilitated by Jay Brito, and a $26 million subordinate loan originated and agented by an affiliate of Southern Realty Trust Inc. (SRT).

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Developer Selects General Contractor for The Ritz Carlton Residences, Sarasota Bay with Sitework Underway

8:00 am on November 18, 2024 By Oscar Nunez

Kolter Urban has selected Moss Construction as the general contractor for The Ritz-Carlton Residences, Sarasota Bay, a 20-story waterfront residential property at 555 Quay Commons in Sarasota’s downtown cultural district. Sitework for the development commenced in April 2024, and deep foundations and site utilities are 90% complete, marking a significant milestone toward the completion of another Kolter Urban development under the Ritz-Carlton brand. Moss Construction most recently worked alongside Kolter Urban to deliver The Ritz-Carlton Residences, Sarasota, in 2021.

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