Related Group and BH Group have secured $360 million in construction financing from Tyko Capital for Icon Beach Waterfront Residences, a planned 38-story condominium tower along South Ocean Drive in Hollywood Beach. Designed by Cohen Freedman Encinosa & Associates, with interiors by Meyer Davis and landscape architecture by Witkin Hults + Partners, the development is planned to contain 350 waterfront residences with access to an on-site marina and full-service beach club. Construction is expected to begin in May, with completion anticipated in 2028.

Construction has started on Cora Merrick Park, a condominium in Coral Gables. The venture is set to measure 13 stories above grade and feature 74 condos.

One Thousand Group, the Miami-based development firm led by co-founders Kevin Venger, Louis Birdman, and Michael Konig, together with Minor Hotels, has announced Anantara Miami Resort & Residences, a planned 50-story, 650-foot mixed-use tower at 3601 Biscayne Boulevard in Miami’s Edgewater neighborhood. The project will mark the debut of the Anantara brand in the United States. Rising above Biscayne Bay, the tower is planned to contain 100 private branded condominium residences, 120 resort residences that will allow owners to make their residences available to hotel guests, and 50 five-star boutique hotel suites. Architecture is by Kohn Pedersen Fox (KPF) and ODP Architecture & Design, with interiors by Patricia Urquiola. Among KPF’s best-known New York City projects are One Vanderbilt, 111 Murray Street, and major components of Hudson Yards, while ODP previously collaborated with One Thousand Group on One Thousand Museum and Villa Miami. 

Real estate developer ACRE has received funding for the second phase of Adela at MiMO Bay in Miami. Canyon Partners Real Estate provided the $123.8 million senior loan.