Multifamily



Concord Summit Capital Closes $12 Million Loan For Downtown Miami Development Site, Paving Way For 52-Story Tower With 545 Multifamily Units

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.

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Taurus Development Group Proposes 28-Unit Multi-Family Project In Goulds, Miami-Dade County

New plans submitted to Miami-Dade County for an Administrative Site Plan Review reveal Taurus Development Group LLC’s proposal to develop a multi-family residential building in the Goulds Community Urban Center District (GCUC), designed by Conconcreto Designs LLC as the architect, structural engineer, and MEP engineer, and Fecttech Consult, LLC as the civil engineer. The development site is situated at the southwest corner of Southwest 218th Street and Southwest 120th Ave intersection, within the Center Sub-District of the GCUC. The vision for the project is an 8-story, 28-unit apartment building with a ground-floor parking garage and additional on-street parking.

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