Namdar Group Issued $195 Million Loan For Two Apartment Towers In Downtown Miami

Great Neck, NY-based real estate investment and development firm Namdar Group has secured $195 million in acquisition and construction funding for Namdar Towers, two residential buildings of 41- and 43-stories planned for 222 Northeast 1st Avenue in Downtown Miami. The loan came from an affiliate of New York’s Slate Property Group – SCALE Lending – brokered by associates of Greystone Capital Advisors. Plans for the residential project include 1.2 million square feet of space with 1,354 residential units between both towers.

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Harbor Grove Apartments Finishes Construction at 3250 Southeast Commerce Avenue, Stuart, Florida

Harbor Grove Apartments has recently finished construction in Stuart, Florida. The $28 million multifamily housing complex offers more than 320 apartments, measuring 618 square feet to 874 square feet each. Apartments.com notes that layout plans comprise one-bedroom to two-bedroom homes. Rent begins at $1,925 a month, although this could change with time.

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Twin 485-Foot-Tall Towers At 1900 Biscayne Boulevard Approved By The FAA

The Federal Aviation Administration (FAA) has issued building permits for twin 485-foot-tall residential towers at 1900 Biscayne Boulevard in Edgewater, Miami. The developer behind the efforts is Kushner Companies, who’s developing both of these towers along with a third tower at 2000 Biscayne Boulevard, collectively known as the Edgewater Collective. The FAA approved building permits yesterday, and will be valid for the next 18 months. Plans for the Edgewater Collective include 1,265 residential units and 24,000 square feet of retail space across three towers.

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Penthouse Collection Released For 26-Story Selene Oceanfront Residences In Fort Lauderdale

Kolter Urban is pleased to release the Selene Oceanfront Residences Penthouse Collection, a limited collection of penthouse residences at the luxury condominium development located at 151 North Seabreeze Boulevard in Fort Lauderdale, directly across from the award-winning Las Olas Beach. The exclusive collection of eight penthouses is set on the top floors of the 26-story, two-tower property which will rise as the tallest building on Fort Lauderdale Beach. Douglas Elliman Real Estate leads the sales efforts for Selene Oceanfront Residences with penthouse residences priced from $10.8 million.

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