South Miami-based Estate Cos. recently secured a $72.5 million construction loan for “Soleste Palm Station,” a luxury housing development in West Palm Beach.
A South Florida-based developer hopes to get approval for two apartment complexes, named Soleste Reserve I and Soleste Reserve II. Combined, the two would bring more than 600 residential units to Davie, Florida.
The city of North Miami Beach is officially set to see the rise of new mixed-use development at 16395 Biscayne Boulevard known as Soleste NoMi Beach. Developer The Estate Companies, a subsidiary of Estate Investments Group (EIG), secured and closed on a $76 million construction loan provided by Bank OZK and arranged by Brian Gaswirth and Michael DiCosimo of JLL. The developer originally purchased the site back in December 1, 2020 for $13,100,000 from Biscayne Cove, LLC.