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700 North Miami Avenue Secures $302.6 Million Construction Loan, Set to Begin First Phase at Miami Worldcenter

Construction is set to begin on the first phase of 700 North Miami Avenue in Miami Worldcenter after developer Witkoff, in partnership with Monroe Capital, secured a $302.6 million construction loan for the project. Designed by Kobi Karp Architecture, the development is planned as a three-tower residential complex on one of the district’s final large-scale undeveloped parcels. The project first appeared before the City of Miami’s Urban Development Review Board in early 2023.

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Place at Alafaya Student Housing Development Near UCF Secures $176.6 Million Construction Loan

Beachwold Residential has secured a $176.6 million construction loan from Affinius Capital to finance the ground-up development of Place at Alafaya Phase I & II, a two-phase student housing community planned near the University of Central Florida in Orlando. Led by Gideon Friedman, the development will ultimately comprise four four-story buildings containing 484 residential units, 1,395 beds, and 1,301 parking spaces.

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