Record-Breaking $600 Million Loan Secured For 80-Story Cipriani Residences Miami Ahead Of Groundbreaking

8:00 am on February 9, 2024 By Oscar Nunez

Mast Capital, a Miami-based real estate developer, is gearing up to begin construction on Cipriani Residences Miami following robust sales activity. The developer has secured a record-breaking construction loan of $600 million from Mexico’s Banco Inbursa and Ascendant Capital Partners, the largest amount ever obtained for a single-tower residential construction in Florida. The considerable loan, consisting of $350 million from Banco Inbursa and $250 million from Ascendant Capital Partners, highlights the strong market confidence in the project, driven by its sought-after design, amenity offering, and prime location in the Brickell neighborhood.

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Swire Properties Inc. And City of Miami Fire Department Open Temporary Fire Station At 9 SE 6th Street In Brickell

8:00 am on February 8, 2024 By Oscar Nunez

On Tuesday, February 6, Swire Properties Inc., in partnership with the City of Miami Fire Department, opened a temporary fire station at 9 SE 6th St. in the Brickell neighborhood. Henry Bott, President of Swire Properties Inc., and Joseph F. Zahralban, Fire Chief of the City of Miami Department of Fire-Rescue, held a ceremonial ribbon cutting to commemorate the opening. Swire Properties Inc., headquartered in Miami since 1979, is one of South Florida’s leading international developers responsible for notable properties, including Brickell City Centre and Brickell Key.

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Brightline And The Black Archives Unveil ‘Echoes Of Overtown: A Legacy Preserved’ Interactive Exhibit At MiamiCentral.

8:00 am on February 7, 2024 By Oscar Nunez

Brightline and The Black Archives are excited to unveil “Echoes of Overtown: A Legacy Preserved,” a groundbreaking interactive exhibit at MiamiCentral. This collaboration serves as a tribute to the vibrant Overtown community, celebrating its rich history and cultural heritage. Through this activation, The Black Archives and Brightline aim to foster a deeper understanding of Overtown’s cultural contributions by creating a space for dialogue and appreciation that invites visitors to explore the neighborhood.

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Merrimac Ventures & Aria Development Group Secure $95M Construction Loan For 600 Miami Worldcenter Condominium In Downtown Miami

8:00 am on February 6, 2024 By Oscar Nunez

A joint venture between South Florida-based developers Merrimac Ventures and Aria Development Group is preparing to break ground on 600 Miami Worldcenter, a 32-story condominium tower set within Downtown Miami’s Miami Worldcenter 27-acre mixed-use development, which will deliver 606 fully furnished units with no restrictions on short-term rentals. The upcoming groundbreaking will be made possible with a $95 million construction loan from Banco Inbursa to fund the sold-out tower’s development at 600 Northeast 1st Avenue. Construction is expected to be completed in 2026.

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