Namdar Group Issued $195 Million Loan For Two Apartment Towers In Downtown Miami

Great Neck, NY-based real estate investment and development firm Namdar Group has secured $195 million in acquisition and construction funding for Namdar Towers, two residential buildings of 41- and 43-stories planned for 222 Northeast 1st Avenue in Downtown Miami. The loan came from an affiliate of New York’s Slate Property Group – SCALE Lending – brokered by associates of Greystone Capital Advisors. Plans for the residential project include 1.2 million square feet of space with 1,354 residential units between both towers.

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Twin 485-Foot-Tall Towers At 1900 Biscayne Boulevard Approved By The FAA

The Federal Aviation Administration (FAA) has issued building permits for twin 485-foot-tall residential towers at 1900 Biscayne Boulevard in Edgewater, Miami. The developer behind the efforts is Kushner Companies, who’s developing both of these towers along with a third tower at 2000 Biscayne Boulevard, collectively known as the Edgewater Collective. The FAA approved building permits yesterday, and will be valid for the next 18 months. Plans for the Edgewater Collective include 1,265 residential units and 24,000 square feet of retail space across three towers.

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Demolition And Tree Permits Filed For 6001 NE 2nd Avenue In The Magic City Innovation District

Permits have been filed for demolition work and tree removal at 6001 Northeast 2nd Avenue, a lengthy 6.11-acre stretch of land located within the confines of the Magic City Innovation District emerging at the borders between Little River and Little Haiti in Miami. The site is located specifically located between Northeast 2nd and 4th Avenues with Northeast 60th Street directly to the south and Northeast 61st Street is the northern most thoroughfare. Plaza Equity Partners is listed as the owner of both permit applications, who is developing the mixed-use community along with investment firms Lune Rouge and Dragon Global. Plans for this particular site include an approved multifaceted 25-story residential tower, currently dubbed Parcel 11, designed by Arquitectonica which includes 522,806 square feet of space including 349 luxury residential units, 13,010 square feet of retail space, and an adjacent connected parking and amenities structure with 393 vehicle spaces.

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Interiors Revealed For Mast Capital’s Cipriani Residences Miami Designed By 1508 London

Mast Capital has unveiled the interiors of Cipriani Residences Miami, the brand’s first ground-up residences in the United States. Designed by the internationally renowned firm 1508 London in collaboration with the Cipriani family, the tower captures the spirit of the brand – recognized for its distinguished style, world-class service and four generations of history and tradition – and features a design language consistent with Cipriani’s understated elegance reminiscent of yacht design. The vision for Cipriani Residences Miami will reinvent luxury in the Brickell neighborhood, known for its high-rise buildings, walkability and enviable water and city views, and epitomize the sophisticated lifestyle that residents will enjoy at the development.

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Miami Riverbridge, The Three-Towered Redevelopment Of Downtown Miami’s Hyatt Regency, Heads To November Referendum For Approval

At the end of July, Miami’s City Commission voted 4 – 1 in favor of Miami Riverbridge, a three-towered, large-scale mixed-use mega project proposed as the redevelopment of a 4.2-acre city-owned site at 400 Southeast 2nd Avenue in the heart of Downtown Miami, where the Hyatt Regency Miami and James L. Knight Convention Center stand today.  Estimated to cost approximately $1.5 billion, the project calls for three new towers, two of 61 stories and one 95-story supertall, which would contain over 1,500 residential units, a new flagship 615-key Hyatt Regency hotel and 264 branded serviced apartments, 190,000 square feet of Class A meeting and events space, commercial and retail spaces, over 1,000 parking spaces and 50,000 square feet of open public space including a 480-foot-long rejuvenated riverwalk. Miami Riverbridge is being developed between Hyatt Hotels Corp. and Gencom under the HRM Owner LLC, and is being designed by Arquitectonica. The project’s fate is now in the hands of city voters at the next referendum on November 8.

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