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).
Developed by Clearline Real Estate, a New York- and Miami-based firm led by Jenny Bernell, Excel Miami represents the company’s focus on multifamily developments in high-growth U.S. regions. The tower, designed by Arquitectonica, brings a sleek, contemporary aesthetic to the district, blending modern living with the vibrant artistic energy of downtown Miami.
“We are excited to support Clearline, a woman-owned firm with a clear vision for creating vibrant, community-focused living spaces,” said Brian Sedrish, CEO of Southern Realty Trust. “Excel will provide much-needed housing in one of Miami’s most dynamic neighborhoods, and we look forward to supporting its success in our home state of Florida.”
Excel Miami will encompass 214,183 rentable square feet with 427 residences, offering studio, one-bedroom, two-bedroom, and 13 townhouse loft layouts. Amenities include a pool, yoga deck, fitness room, co-working spaces, screening room, and podcast suites, all housed on a floor featuring 18-foot ceilings. There will be 147 parking spaces. Located near the Metromover School Board Station, the development promotes a transit-friendly lifestyle, catering to professionals seeking connectivity and convenience in the heart of the city.
Clearline expects to complete the building in 2026. Permits list Shawmut Design and Construction as the general contractor.
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