Berkadia South Florida

Related Group And GTIS Partners Secure $328M Construction Loan From Bank OZK For 75-Story Baccarat Residences Miami

8:00 am on April 2, 2024 By Oscar Nunez

Related Group and GTIS Partners have secured a $328 million construction loan for the Baccarat Residences Miami, a 75-story luxury condominium tower at the gateway of Brickell Avenue. The financing, arranged by Berkadia South Florida, supports the development of the 848-foot-tall skyscraper, which is currently under construction at 99 Southeast 5th Street and is expected to be completed in early 2028. Over 95 percent of the residences have been sold since the launch in late 2021. John Moriarty & Associates is the general contractor.

One Park Tower By Turnberry Secures $172M Construction Loan Facilitated By Berkadia

8:00 am on March 30, 2024 By Oscar Nunez

Berkadia announced it arranged for $172 million in construction financing for ONE Park Tower by Turnberry, a 33-story, 292-unit condominium tower located at 2411 Laguna Circle in the 184-acre master-planned community of SoLé Mia in North Miami, Florida. Designed by the award-winning architecture firm Arquitectonica, with interiors by the globally acclaimed Meyer Davis and landscaping by DS Boca, the building offers a variety of one-, two-, and three-bedroom units, including a selection of penthouses. The financing deal was orchestrated by Managing Director Scott Wadler, Associate Director Alec Fox, Senior Managing Director Mitch Sinberg, and Managing Directors Brad Williamson and Matt Robbins of Berkadia South Florida. It was closed with Bank OZK on behalf of Turnberry, led by Chairman and CEO Jackie Soffer, on March 25.

Prime Development Site At 1715 Douglas In Downtown Coral Gables Acquired For An 8-Story Class A Multifamily Project

8:00 am on September 11, 2023 By Oscar Nunez

Berkadia announced it has arranged the sale of 1715 Douglas, an 0.87-acre development site located at 1715 Southwest 37th Avenue in the heart of Downtown Coral Gables, within walking distance to Miracle Mile, six million square feet of office space, and two million square feet of retail. Senior Managing Directors Roberto Pesant and Jaret Turkell, Director Yoav Yuhjtman, Associate Director Omar Morales, and Associate Jose Mota of Berkadia South Florida marketed the property on behalf of the seller.

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