Developer Secures $84.5M Loan for The Julia Residences in Allapattah
Neology Development Group has closed an $84.5 million loan from affiliates of Apollo for The Julia Residences, a recently completed residential tower in Miami’s Allapattah neighborhood. The 14-story building, located at 1625 NW 20th Street, achieved a Temporary Certificate of Occupancy (TCO) in May 2024 and reached lease-up stabilization in just five months, with a 97% occupancy rate by October 2024. The property’s strong lease-up performance highlights its appeal in the growing Allapattah market.
Read More