Sumaida + Khurana And Bizzi+Bilgili Secure $47.25 Million In Construction Financing For ‘The Fifth Miami Beach’

Sumaida + Khurana and Bizzi+Bilgili, two internationally renowned real estate development firms, announced closing $47.25 million in construction financing from Cain International for The Fifth Miami Beach. This new Class A+ office building at 950 5th Street is the first commercial building in Miami’s South of Fifth neighborhood in 20 years. Designed by Alberto Campo Baeza, who recently won Spain’s National Prize for Architecture, The Fifth Miami Beach is the architect’s first Miami building and first commercial office project in the U.S.

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Pebb Capital Secures $173M Construction Loan For ‘Sundy Village’ At 22 W. Atlantic Avenue In Downtown Delray Beach

Pebb Capital has secured a $173 million construction loan from Monroe Capital & J.P. Morgan for Sundy Village, a mixed-use development spanning approximately seven acres in the heart of Downtown Delray Beach. Following its groundbreaking in early 2023 and with delivery anticipated for summer 2024, this announcement marks another milestone for what will be the most unique, fully-amenitized lifestyle destination in the Atlantic Avenue District.

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ANF Group Tops Off Phase One Of ‘Southpointe Vista’ Affordable Housing Community In Goulds, Miami-Dade County

ANF Group, Inc. recently celebrated the topping out of the first phase of Southpointe Vista, a two-phase affordable housing development developed by McDowell Housing Partners located at Southwest 117th Court and Southwest 214th Street in Miami-Dade County’s Goulds community. This phase introduces a 10-story high-rise reserved for those earning up to 70% of the area median income, featuring 124 affordable units comprising 91 one-bedrooms, 25 two-bedrooms, and eight 3-bedrooms. A two-story parking garage, connected by a skybridge, includes 196 spaces and 18 electric vehicle charging stations. Amenities encompass community rooms, laundry facilities, a cybercafé, a fitness room, a rooftop terrace, and on-site management offices.

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