Brickell

Record-Breaking $600 Million Loan Secured For 80-Story Cipriani Residences Miami Ahead Of Groundbreaking

8:00 am on February 9, 2024 By Oscar Nunez

Mast Capital, a Miami-based real estate developer, is gearing up to begin construction on Cipriani Residences Miami following robust sales activity. The developer has secured a record-breaking construction loan of $600 million from Mexico’s Banco Inbursa and Ascendant Capital Partners, the largest amount ever obtained for a single-tower residential construction in Florida. The considerable loan, consisting of $350 million from Banco Inbursa and $250 million from Ascendant Capital Partners, highlights the strong market confidence in the project, driven by its sought-after design, amenity offering, and prime location in the Brickell neighborhood.

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Updated Plans Filed For ‘Calle 8’ In Brickell, Gets Height Boost To 856 Feet Above Ground Across 65 Stories

8:00 am on January 22, 2024 By Oscar Nunez

Miami-Dade County planners have been presented with updated plans for Calle 8, a mixed-use development proposed for 190 Southwest 8th Street in Brickell, innovatively designed by BMA Architects and developed by Millennium Developments of Brickell LLC, an affiliate of Aston Martin Residences developer G&G Business Developments. The January 17th filing represents a significant change from its initial proposal, aiming to transform a 0.92-acre parcel of land along Southwest 2nd Avenue, between Southwest 8th and 9th Streets, into a dynamic vertical urban hub.

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Construction Permit Application Filed For 61-Story ‘Brickell Gateway’ At 90 SW 8th Street In Brickell

8:00 am on January 16, 2024 By Oscar Nunez

A construction permit application for the 61-story Brickell Gateway, a mixed-use development located at 90 Southwest 8th Street, has been submitted to Miami-Dade County. Designed by Corwil Architects and developed through a joint venture between Gazit Horizons and Atlantic Pacific Companies, this project is among the first to advance to the construction permitting phase under Miami-Dade County’s Rapid Transit Zoning scheme. This initiative encourages higher-density construction in proximity to mass transit hubs.

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Ytech Commences Demolition of Site For The Residences at 1428 Brickell

8:00 am on January 11, 2024 By Oscar Nunez

Miami-based real estate development firm Ytech has begun the demolition of the existing structure at 1428 Brickell Avenue, marking the first step in the development of the 70-story luxury high-rise condominium, The Residences at 1428 Brickell. Ytech, having acquired this now-vacant property in January 2017, is replacing what was once a 100,000-square-foot office space. The demolition is being conducted by John Moriarty & Associates (JMA), a renowned construction team. This pivotal step in the project, which features design by Arquitectonica, interiors by ACPV Architects, and landscaping by Arquitectonica GEO, is significant in realizing The Residences at 1428 Brickell. This development adds to Ytech’s momentum in the real estate sector following the recent approval of 75 Broadway by Miami’s Planning & Zoning department.

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Urban Network Capital Group & Vertical Developments Secure $24.5M Construction Loan for Visions at Brickell Station

8:00 am on December 23, 2023 By Oscar Nunez

Miami-based developer Urban Network Capital Group (UNCG), in partnership with Vertical Developments, has secured a $24.5 million construction loan from Rok Lending for the Visions at Brickell Station development. This wellness-forward condo-hotel project, designed by DTI Architects with interiors by Concepto Taller de Arquitectura, is located in Miami’s Brickell neighborhood. With over 50 percent sold, this project is on track for its expected completion in 2025.

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