Residential

Developer Lands $26 Million Loan To Begin Construction On Phase 1 Of Residential Project In Bay Harbor Islands

Clara Homes, a Miami-based real estate firm specializing in residential and commercial development, custom single-family homes, and operations oversight, has announced closing a $26 million construction loan financed by Maxim Capital for Clara Bay Harbor. This three-building residential development, designed by S & E Architects, Inc. with Langan Engineering & Environmental Services as the civil engineer, will feature 150 residences and amenities. Clara Bay Harbor’s first building is slated to break ground this March, with completion anticipated for Spring/Summer 2024, and the entire master plan is expected to be completed by the end of 2025.

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Zyscovich Architects-Designed 8-Story Mixed-Use Development Planned In Allapattah, Miami

Miami’s Urban Development Review Board (UDRB) is reviewing a proposal for an 8-story mixed-use building at 1400 Northwest 17th Avenue in the city’s Allapattah neighborhood. Designed by Zyscovich Architects and developed by Miami River District Property, LLC, an entity linked to New York-based real estate investment company Stonecutter Capital Management LLC, the structure would yield 363,663 square feet, including 249 residential units, 8,753 square feet of retail space, and a 425-car parking garage. Savino-Miller Design Studio is the landscape architect, and David Plummer & Associates is the traffic consultant.

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