Articles by Oscar Nunez

Terra, in partnership with RG Development Group, GV Development, and LORE Development, has secured a $507 million construction loan from TYKO Capital for a planned 28-story waterfront condominium development at 1250 West Avenue in Miami Beach. The project will rise along the western shoreline of Miami Beach, overlooking Biscayne Bay, and will contain 106 residential units. The financing comes as the development team prepares to advance construction, with sales expected to begin in 2027.

Housing Trust Group (HTG) and AM Affordable Housing, a nonprofit founded by NBA Hall of Famer Alonzo Mourning, have celebrated the grand opening of Courtside Apartments II, a $58 million affordable housing development in Miami’s historic Overtown neighborhood. Designed by Corwil Architects, the project comprises two five-story residential buildings containing 120 income-restricted apartments at 1698 NW 3rd Avenue and 1501 NW 4th Avenue. BDI Construction served as the general contractor.

Aimco and SERHANT. New Development have announced FIVESIXTY Waterfront Residences + Club, a 38-story luxury rental tower nearing completion at 560 Northeast 34th Street in Miami’s Edgewater neighborhood. Designed by Stantec, the approximately 497-foot-tall waterfront development will contain 114 residences overlooking Biscayne Bay, combining condominium-scale living spaces with hospitality-oriented services and amenities. SERHANT. New Development is overseeing exclusive leasing and marketing.

Empira Group has secured $81 million in construction financing for The Aurelian, a 12-story, 160-unit multifamily development under construction at 114 Calabria Avenue in Coral Gables, Florida. The loan was provided by Pearlmark and arranged by CBRE. Designed by Behar Font, the Class A rental development is being built by Ortega Construction and is scheduled for completion in 2028.

Construction has topped out on One Kane, a seven-story, 126,000-square-foot Class A office development at 9551 East Bay Harbor Drive in Bay Harbor Islands. Developed by Taubco and Landau Properties, the waterfront building is designed by Revuelta Architecture and is rising along the Indian Creek Waterway. Civic Construction is serving as the general contractor, with completion anticipated by the end of the first quarter or early in the second quarter of 2027.