Articles by Oscar Nunez

BGI Capital Announces Closing Of $95 Million Construction Loan For 22-Story ‘Alba Palm Beach’

8:00 am on November 10, 2023 By Oscar Nunez

Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, has announced the closure of a $95 million construction loan in partnership with Wexcor Capital, a New York City-based real estate investment, management, and advising firm. The loan was financed by Kriss Capital, a New York City-based direct lender specializing in construction and bridge loans for residential assets, and it will facilitate the completion of Alba Palm Beach.

Related Group And Alta Developers Commence Construction On Casa Bella Residences By B&B Italia In Downtown Miami

8:00 am on November 9, 2023 By Oscar Nunez

Leading real estate developer Related Group (Related) and partner Alta Developers have broken ground for Casa Bella Residences by B&B Italia (Casa Bella), a 56-story condominium tower at 1400 Biscayne Boulevard in Downtown Miami’s Arts and Cultural District. Casa Bella marks the first residential partnership for B&B Italia, renowned for collaborations with brands like Rolex, Hermès, and Rolls-Royce.

Housing Trust Group, AM Affordable Housing Secure Financing And Break Ground On 95-Unit Affordable Senior Community ‘Oasis at Aventura’

8:00 am on November 8, 2023 By Oscar Nunez

Housing Trust Group (HTG) has secured financing and initiated construction on Oasis at Aventura, a new $37 million affordable senior community with 95 apartments in Miami, Florida. The community is the latest joint venture between HTG and AM Affordable Housing, a non-profit founded by NBA Hall of Famer and Miami Heat legend Alonzo Mourning.

Forest Development And Royal Palm Companies Tops Off Construction On Nautilus 220 In Lake Park, Florida

8:00 am on November 7, 2023 By Oscar Nunez

Forest Development and Royal Palm Companies recently celebrated the topping-off construction milestone for Nautilus 220, a new luxury mixed-use development with condominium residences in two 24-story towers, waterfront restaurants including SeaHawk Prime by Chef David Burke, retail, and office suites alongside a marina at 220 Lake Shore Drive in Lake Park, FL. The traditional topping-off ceremony was commemorated at the project site on November 3, 2023, attended by more than 550 guests, including construction workers, project partners, and elected officials.

Rosso Development, Standard International & Midtown Development Secure $45.045 Million Financing From Bank OZK For The Standard Residences, Midtown Miami

8:00 am on November 6, 2023 By Oscar Nunez

Hospitality and real estate pioneers Rosso Development, Standard International, and Midtown Development have closed on a $45,045,000 construction loan from Bank OZK for the highly anticipated The Standard Residences, Midtown Miami, located at 3100 Northeast 1st Avenue. A JLL Capital Markets Debt Advisory team, led by Managing Director Brian Gaswirth and Associate Jimmy Calvo, represented the developer.

Holocaust Museum For Hope & Humanity Proposed For 75 South Ivanhoe Boulevard In Orlando

8:00 am on November 5, 2023 By Oscar Nunez

A recent proposal presented to the Municipal Planning Board (MPB) aimed to revitalize the historic site at 75 South Ivanhoe Boulevard, nestled between North Magnolia Avenue, South Ivanhoe Boulevard, and Legion Place in Orlando. Guided by the City of Orlando and the acclaimed firm Beyer Blinder Belle Architects and Planners LLP, the initiative sought to establish the Holocaust Museum for Hope & Humanity, blending memorial architecture with educational impact. The MPB reviewed the proposal on October 19.

Orlando International Airport Sets Stage for Terminal C’s Phase Two Expansion

8:00 am on November 4, 2023 By Oscar Nunez

In a recent move signifying growth, the Greater Orlando Aviation Authority greenlit a contract on October 18th, laying the groundwork for the next expansion phase of the newly inaugurated Terminal C at Orlando International Airport. As per the Orlando Business Journal, the authority responsible for managing both Orlando International Airport and Orlando Executive Airport endorsed a $1.09 million contract with Ricondo & Associates. This Chicago-based aviation consultancy, with a branch in Orlando, will commence outlining the development trajectory for the terminal’s forthcoming phase. Envisioned plans suggest the potential to more than double the existing gates of the south terminal. Currently, the terminal boasts 15 gates, with an additional four in the pipeline and various facilities.

Construction Begins On The Bernie McCabe Second District Court Of Appeal Courthouse In St. Petersburg

8:00 am on November 3, 2023 By Oscar Nunez

Construction has commenced on the Bernie McCabe Second District Court of Appeal Courthouse in downtown St. Petersburg, located at 525 Mirror Lake Drive. This $59 million courthouse is near landmarks such as the Pinellas County Clerk of Court, St. Petersburg City Hall, and other government buildings. It bears the name of Bernie McCabe, the late State Attorney for Florida’s Sixth Judicial Circuit, which serves both Pinellas and Pasco Counties.

The Vestcor Companies Proposes 8-Story Mixed-Use Development At 27742 S. Dixie Highway In Naranja, Florida

8:00 am on November 2, 2023 By Oscar Nunez

Jacksonville-based real estate developer The Vestcor Companies, Inc., under the Ambar Station LLC, has filed an administrative site plan for a mixed-use development designed by Anillo Toledo Lopez Architecture in the Leisure City area of southern Miami-Dade County near Naranja, which is set to incorporate workforce housing. The 7.83-acre site is located at 27742 and 27860 South Dixie Highway. The property is currently under contract with 27742 South Federal Highway LLC, managed by Bruno and Maritza Ramos, based in Miami.

Developers Secure $24M Construction Loan For 1.9-Acre ‘The Flats Orlando’ Condo-Hotel Resort, Designed By ODA Architecture

8:00 am on November 1, 2023 By Oscar Nunez

Florida-based developer Urban Network Capital Group (UNCG) has acquired a $24 million construction loan from LV Lending to develop The Flats Orlando, a 1.9-acre condo-hotel resort near Orlando’s central area. The development is a collaborative effort with ZKC and Tivoli Cove Capital. The project is expected to be completed by 2025.

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