Developer Secures $47.5 Million Construction Loan for ‘Forté Luxe’ at 12450 Crystal Cove Place in Jupiter, Florida

8:00 am on July 10, 2024 By Oscar Nunez

Forté Development has secured a $47.5 million construction loan from 360 Capital Funding for its luxury boutique waterfront community, Forté Luxe, in Jupiter, Florida. The loan, finalized on July 3, 2024, will finance the development of this project. Alfonso Jurado is the architect, Interiors by Steven G. handles interior design, and KAST Construction is the general contractor. Douglas Elliman Development Marketing is the exclusive sales team.

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Site and Financing Secured for 77-Story ‘ORA by Casa Tua’ in Miami’s Brickell Financial District

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

Miami-based developer Fortune International Group has acquired a 46,373-square-foot site at 1210 Brickell Ave and secured a $36,080,000 pre-development loan for the ORA by Casa Tua project. The loan, provided by Amerant Bank, marks a significant step forward in development. Fortune International Group purchased the site from Miami-based Patagonian Investment Internacional LLC and is now set to prepare the site for construction, with groundbreaking expected to begin in 2025.

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FAA Permits Filed for 848 Brickell, Requesting Approval for 764-Foot Tower

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

Key International and Sterling Bay have filed for FAA permits for 848 Brickell, a 51-story Class A office and retail tower in Miami’s Brickell neighborhood. Designed by Skidmore, Owings, & Merrill (SOM), the project’s permits were filed on June 27, 2024, and are currently under review, with the status showing “work in progress.” The structure is planned to reach 764 feet above ground, or 775 feet above mean sea level.

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