$210.5 Million Construction Financing Secured For 2900 Terrace In Edgewater, Miami

Oak Row Equities has closed on $210.5 million in construction financing for 2900 Terrace, a luxury multifamily tower in Miami’s Edgewater neighborhood. The financing package comprises a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate LLC. JLL Capital Markets arranged the debt, with construction now underway and completion expected in the fourth quarter of 2027.

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Developers Pledge $1 Million To Improve Streetscape And Park Near Surf Row Residences In Surfside

The development team behind Surf Row Residences, LD&D in partnership with ONE Capital and IGEQ, has pledged $1 million toward enhancing the surrounding streetscape and public amenities near the project site in Surfside. The funds will support the revitalization of a stretch of 88th Street, as well as upgrades to Veterans Park and its adjacent tennis courts.

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Tower Cranes Up To 1,298 Feet Tall Planned For Supertall Project At 1201 Brickell Bay Drive In Miami

Permits have been filed with the Federal Aviation Administration (FAA) for the installation of three tower cranes at 1201 Brickell Bay Drive in Miami, where Citadel, the hedge fund led by Ken Griffin, in partnership with New York-based Related Companies, plans to construct a 1,040-foot-tall supertall commercial tower designed by Foster + Partners with AAI Architects, P.C. as the architect of record. The June 17 filings, submitted by 1201 Brickell Bay, LLC c/o Citadel Enterprise Americas LLC, propose crane heights of 1,297 and 1,298 feet above ground, or 1,301 feet above mean sea level. The cranes are scheduled for installation on October 17, 2025, with operations expected through April 17, 2027, suggesting construction activity could begin in the coming months.

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