Bridge Loan Secured for Condo Conversion in Pompano Beach’s Growing Koi Community

8:00 am on August 31, 2024 By Oscar Nunez

Forman Capital has provided a $55.22 million bridge loan to facilitate the conversion of 214 Class A rental units into for-sale condominium residences in Pompano Beach, one of South Florida’s rapidly developing cities. The Envy project comprises two 11-story buildings located at 450 E. Atlantic Blvd. between Dixie Highway and U.S. 1, and is part of the larger Koi master-planned community, which includes trails, parks, and a private 26-slip marina. The loan originated from Forman Capital’s Ben Jacobson, Scott Mehlman, and Ty Regnier on behalf of the borrower, Envy Development DE, LLC. The financing was brokered by Jay Miller, Spencer Miller, and Noah Rothman of BayBridge Real Estate Capital, with the transaction closing on August 29, 2024.

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Plans Submitted To Miami-Dade County for 81-Story Dolce&Gabbana Tower at 888 Brickell Avenue

8:00 am on August 30, 2024 By Oscar Nunez

Plans have been submitted to Miami-Dade planners for the Dolce&Gabbana Tower, an 81-story mixed-use skyscraper designed by Studio Sofield with ODP as the architect of record. Located at 888 Brickell Avenue in Miami’s Brickell district, the tower is set to rise 1,049 feet and will house 259 residential units along with 102,805 square feet of commercial space, including retail, restaurants, a spa, and a gym. The development, led by JDS Development Group, will also include 273 parking spaces, reaching the maximum height permitted by the FAA in the area.

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Foundation Completed for Baccarat Residences Miami, Marking Key Milestone in 75-Story Condo Tower in Brickell

8:00 am on August 29, 2024 By Oscar Nunez

Related Group and GTIS Partners marked a significant development milestone this past weekend with the foundation pour of the highly anticipated Baccarat Residences Miami. The pour required over 10,000 cubic yards of concrete and 1,500 tons of reinforcing steel, setting a new record for both development firms. This project will be the legendary French crystal brand’s first stand-alone residential tower, managed by hospitality titan SH Hotels & Resorts.

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