Residential

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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Integra Investments And EHDOC Announce Completion Of 13-Story Affordable Housing Project ‘Mosaico’

Integra Investments, the Miami-based real estate investment and development company — through its affordable housing development division, Interurban, LLC — in a joint venture with Elderly Housing Development & Operations Corporation (EHDOC), a national non-profit organization dedicated to developing and managing senior affordable housing, announced the completion of the 271-unit elderly affordable housing development — Mosaico. The development provides much-needed subsidized housing in the City of Miami amid Miami-Dade’s housing crisis.

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