Fortune International Group and Château Group Secure $113.75 Million Loan for North Tower of The St. Regis Residences, Sunny Isles Beach

Fortune International Group and Château Group have secured $113.75 million in development financing for the North Tower of The St. Regis Residences, Sunny Isles Beach, Miami, an oceanfront condominium development at 18801 Collins Avenue in Sunny Isles Beach. The loan, provided by City National Bank of Florida and arranged by Berkadia’s Miami office, will support pre-development activity as the North Tower approaches a planned summer groundbreaking. The project is designed by Arquitectonica and is being built by Coastal Construction.

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Second Phase Of One Twenty Brickell Development Announced In Miami

One Twenty Brickell Signature Residences has been announced as a 40-story condominium tower in Miami’s Brickell neighborhood. The project is being developed by PMG and designed by Sieger Suarez Architects as the second phase of the One Twenty Brickell development, following the sellout of One Twenty Brickell Residences at 120 Southwest 8th Street. Construction is already underway and backed by a secured construction loan, with PMG Residential exclusively handling sales.

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The Regency Nears Completion At 1601 Maguire Road In Ocoee, Florida

Construction is nearing completion on The Regency, a 300-unit apartment community at 1601 Maguire Road in Ocoee. Developed by Orlando-based Selnik Development, the project spans roughly 17 acres between Florida’s Turnpike and State Road 50. The development consists of seven four-story residential buildings arranged in a low-rise, garden-style configuration and is planned to open this July. ContraVest is the general contractor.

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