42 Pine Lands $35.5 Million Construction Loan From BridgeCity Capital, Reaches 50% Sold Mark

Brooklyn, New York-based BridgeCity Capital is providing $35.5 million in financing to Miami Beach-based JP Roosevelt to begin construction on 42 Pine, an 8-story boutique condominium building envisioned for 340 West 42nd Street between Sheridan Drive and Pine Tree Drive in Nautilus, Miami Beach. The project is designed inside and out by Arquitectonica with landscaping by ULU Studio and offers 50 well-appointed residences spanning 700 to 2,700 square feet, ranging between 1-to-3 bedroom residences and penthouse units. Sales launched just over a month ago, and has already reached the 50% sold mark. Units are priced from $700,000 to $4,000,000 with sales and marketing exclusively handled by Mushka Jacobson of Douglas Elliman.

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3900 Alton Road. Designed by Arquitectonica.

Arquitectonica-Designed 8-Story Residential Building Proposed For 3900 Alton Road In Miami Beach

Mast Capital is teaming up with renown architectural firm Arquitectonica to design and develop a 8-story residential building at 3900 Alton Road in the Nautilus neighborhood of the city of Miami Beach. The new 85-foot-tall development will yield 197,780 square feet of total floor area, including 176 residential units, 6,060 square feet of amenities, and 269 parking spaces. The developer is listed as the owner of the application under an affiliate company known as M 4000 Alton Owner LLC.

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