Vertical Developments

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.

Urban Network Capital Group Breaks Ground On Visions Resort & Spa At 7007 Osceola Polk Line Road In Davenport, Florida

8:00 am on November 16, 2023 By Oscar Nunez

Visions Resort & Spa has officially broken ground, marking the start of construction on the initial phase of the $170 million mixed-use resort community. Designed by Concepto Taller de Arquitectura with interiors by CastillonVanHam and developed by Urban Network Capital Group (UNCG) in partnership with Vertical Developments, the wellness-forward master-planned community will feature luxury single-family homes and townhomes, a 180-unit condo-hotel, and 70,000 square feet of retail space. Residences are designed for short-term stays, allowing owners to rent them through the property’s exclusive hotel program.

UNCG And Vertical Developments Buy Edgewater Site For $13.5 Million With Plans To Build A Condo-Hotel

8:00 am on October 3, 2023 By Oscar Nunez

Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has acquired a land parcel in the Edgewater neighborhood of Miami’s urban core at 3618 Northeast 5th Avenue. The transaction closed for $13.5 million, with the previous owner being Hotelex Midtown LLC, an affiliate of Hotelex Group. The 4,725-square-foot parcel is zoned T6-24a-O, permitting a structure of up to 24 stories. The partnership between UNCG and Vertical Developments plans to develop a condo-hotel tower on the property; details have not yet been disclosed. Alfonso Jaramillo from Fortune International Realty represented the buyers in the deal.

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