Grupo T&C has received approval from the City of Miami’s Urban Development Review Board for Edge House Miami, a 57-story luxury home-sharing tower planned for 1825 NE 4th Avenue in the Edgewater neighborhood. Designed by Kobi Karp Architecture & Interior Design, the development will rise 649 feet and deliver 608 turnkey units ranging from studios to three-bedroom layouts.
El-Ad National Properties, a South Florida-based subsidiary of Elad Group, has secured an $85 million construction loan from Valley National Bank to advance vertical development of The District in Davie. The $1 billion, 2.8-million-square-foot mixed-use project is the largest multifamily development in the town’s history.
Miami’s Urban Development Review Board has approved Anatomia, a 30-story mixed-use tower planned by The Calta Group for Miami’s Allapattah neighborhood. Designed by Corwil Architects, the project is one of the first high-rise developments to advance under Florida’s Live Local Act and was approved by a 5-1 vote. The tower will rise on a 1.06-acre site at 1415–1469 Northwest 13th Terrace in the city’s Health District, located just west of the Miami River and north of the Dolphin Expressway (SR 836).
Construction has topped off on 9900 West, an eight-story boutique condominium along the Indian Creek waterway at 9900 West Bay Harbor Drive in Bay Harbor Islands. Developed by Brooklyn-based The Horizon Group and designed by Frankel Benayoun Architects with interiors by Craft Studio and landscaping by Geomantic Designs, the project will deliver 23 waterfront residences and a curated suite of amenities anchored by a private marina. AMANA Construction Group is serving as the general contractor.
Two Roads Development has secured $520 million in construction financing for Pendry Tampa and Pendry Residences Tampa, a 38-story luxury hotel and condominium tower under construction along the Tampa Riverwalk at the corner of Ashley Drive and Whiting Street. The financing package comes from New York City-based Sculptor Capital Management and Connecticut-based Nuveen Green Capital, with the latter contributing $290 million through the largest Commercial Property Assessed Clean Energy (C-PACE) loan in history.
