Banesco USA

Ytech Reaches Sales Milestone For The Residences At 1428 Brickell Project While Securing $104 Million In Financing.

Ytech has surpassed significant financial and sales milestones for The Residences at 1428 Brickell, securing $104 million in financing and exceeding 40% in sales within a year. Designed by Arquitectonica, with interiors by ACPV Architects and landscaping by Arquitectonica GEO, this 70-story, 860-foot-tall development positioned at one of Brickell Avenue’s most coveted locations, reflects a strong demand for its exclusive 189 residences. This financial infusion, arranged by Linkvest Capital with $78 million in refinancing for the first mortgage and an additional $26 million in first mortgages from Banesco for 1500 and 1548 Brickell Avenue, propels the development into its subsequent phases, including demolition and construction. John Moriarty & Associates is the general contractor.

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Constellation Group Breaks Ground On Class A+ Office And Retail Development At 4225 Ponce de Leon Blvd In Coral Gables

Constellation Group, a Miami-based commercial real estate investment and development firm, in partnership with The Boschetti Group, recently celebrated the groundbreaking of their Class A+ boutique office and retail project located at 4225 Ponce de Leon Boulevard in Coral Gables, often referred to as South Florida’s “City Beautiful.” This development is set to enhance the Merrick Park district, a prime destination for shopping and entertainment in the region.

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Construction Commences On SeaGlass Cove At 59720 Overseas Highway In Grassy Key, FL

Construction is underway on SeaGlass Cove, a residential island community at 59720 Overseas Highway in Grassy Key, Florida. Designed by Alderman Planning Company with Landwise Design as the landscape architect and developed in collaboration between Miami-based Constellation Group and Ironwood Venture Group, SeaGlass Cove features 14 single-family homes in a private gated community featuring interiors from designBAR. $17 million in construction funding was provided to the developers by Banesco USA. Construction is expected to complete sometime in 2024.

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