Cove Miami is set to unfold in South Florida. The high-rise multi-family community will offer 116 homes on a 1.05-acre lot, requiring close to 500,000 square feet of new construction.
The Congress Group and Taurus Investment Holdings, LLC, Boston-based developers, have secured Federal Aviation Administration (FAA) approval for Civica Center Phase II, a 27-story residential tower set to rise at 1050 Northwest 14th Street in Miami’s Allapattah neighborhood. The 301-foot-tall structure is designed by CUBE3 Architects, with Kimley-Horn serving as the civil engineer and landscape architect.
Concord Summit Capital, LLC (“Concord Summit”) has arranged a $12 million bridge loan for an infill property in Downtown Miami. Managing Director Justin Neelis and Associate Keegan Burger of Concord Summit’s Miami office sourced and advised the loan. The bridge loan is intended to refinance the existing mortgage and provide predevelopment funds for the sponsor, Bluetrich Holdings, Inc (BHI). BHI plans to utilize these funds to realize its vision for the property, a 0.55-acre parking lot acquired in 2021 for $18 million. The site at 130 Southeast 1st Street benefits from the highest density zoning allowed, presenting a significant development opportunity.
An exciting announcement from Swire Properties reveals the first details of One Island Drive, a project that combines residential and hospitality services in a tranquil island environment near Miami’s bustling downtown. With its enviable waterfront location, One Island Drive is set to take a premier position in Swire Properties’ renowned portfolio and establish itself as a standout feature of Miami’s skyline.
In an anticipated unveiling, Okan Tower, the up-and-coming mixed-use titan set to redefine Downtown Miami’s skyline’s contours, recently showcased its first imagery of its Hilton Hotel. Presented through the lens of the impressive lobby entrance, the reception locale, and the cosmopolitan lobby bar, the distinguished design, an artistic achievement of esteemed interior designer Adil Tunca, captures the viewer’s attention with its expansive and stunning vistas of the pulsating Downtown Miami and the picturesque Biscayne Bay.
