Urban Network Capital Group & Vertical Developments Secure $24.5M Construction Loan for Visions at Brickell Station

Visions at Brickell Station. Credit: Urban Network Capital Group & Vertical Developments.

Miami-based developer Urban Network Capital Group (UNCG), in partnership with Vertical Developments, has secured a $24.5 million construction loan from Rok Lending for Visions at Brickell Station. Located at 1136 Southwest 3rd Avenue in Miami’s Brickell neighborhood, this eight-story condo-hotel, designed by DTI Architects with interiors by Concepto Taller de Arquitectura, is more than 50 percent sold and on track for completion in 2025. The development will offer 111 move-in-ready units, including studios, junior suites, and one-bedroom units up to 539 square feet, starting at $500,000, and aims to provide a comprehensive wellness experience.

The condo-hotel concept offers investment opportunities in one of the world’s fastest-growing metropolitan areas, Miami. It provides exclusive access to resort residences and permits owners to stay up to 30 nights annually. Experienced hotel management will oversee the units during the owners’ absence, ensuring a seamless resort experience.

Visions at Brickell Station – Pool. Credit: Urban Network Capital Group & Vertical Developments.

“With wellness as the cornerstone of this project, the experiential design of Visions at Brickell Station strikes a chord with buyers who seek accessible ownership in Miami’s urban core within a property that is both innovative and timeless,” said Robert Thorne, CEO of UNCG. “We appreciate the support from Rok Lending and look forward to continuing sales momentum as we move into 2024.”

A range of wellness amenities is seamlessly integrated throughout the property to enhance human health, sleep, and performance. Advanced technology is employed to create an environment that fosters optimal well-being for guests. Inside each condo-hotel unit, features like circadian lighting, grounding bed mattress pads, and vitamin C shower filters promote holistic health. Additionally, the property offers a spa with various rejuvenating treatments, a rooftop pool, an on-site restaurant and bar, a state-of-the-art gym, and corporate event space, contributing to the project’s $45 million cost.

UNCG and Vertical Developments are also developing Visions Resort & Spa, a sister property in Orlando near Disney World. This $170 million master-planned resort, set to redefine the vacation rental market, will feature single-family homes, townhomes, condo-hotel units, and retail space. Emphasizing environmental consciousness, it promises a similar blend of premier hospitality management and diverse residential options for ownership and short-term stays, akin to Visions at Brickell Station.

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