Forman Capital, a private direct real estate lender, has provided a $77.8 million loan to finance the construction of River District 14, a short-term rental condominium project in Miami. Developed by Alta Development, the project will be situated on a 1.3-acre site at 1420 NW 14th Ave., near the Miami River. Construction is set to commence before the end of the year.
On Saturday, Florida YIMBY reported on San Sebastian Luxury Homes, a venture seeking to double its density because of new Rapid Transit Zone (RTZ) rules. Now, we’ve learned of another transit-oriented development in Miami-Dade County.
Construction continues to advance on Okan Tower, a 70-story mixed-use building under development at 555 North Miami Avenue in Downtown Miami. Designed by Behar Font & Partners and developed by Okan Group, the 902-foot-tall, 914,124-square-foot structure will include 399 residences, a 316-key hotel, 64,000 square feet of Class A office space, and a range of indoor and outdoor amenities. The tower is being constructed on a 0.86-acre corner plot bordered by North Miami Avenue to the west and Northeast 6th Street to the north. Witkin Hults + Partners serves as the landscape architect.
Miami-based Caribbean Village LTD., an affiliate of Pinnacle Housing, hopes to get approval for revised plans regarding the second phase of Caribbean Isles.
New renderings have been revealed for Cassia, a 12-story residential development by Alta Developers in the heart of Coral Gables. This fully furnished luxury turnkey condominium, designed by Behar Font & Partners, is located at 4011 Salzedo Street in the Merrick Park District. Cassia will feature 174 residences, including one-, two-, and three-bedroom units ranging from 662 to 1,439 square feet, offering flexible rental options for frequent travelers or seasonal residents. All units will be elegantly designed and furnished by RH.
