Two developers have secured a multi-million-dollar construction loan for the Residences at Shell Bay, a luxury venture in Hallandale Beach. The project will have both a residential and commercial aspect, with plans calling for a 20-story, 108-unit condominium, along with a 60-key Auberge resort hotel.
Armani/Casa Residences Pompano Beach, a two-tower luxury condominium project, is coming to 1550 North Ocean Boulevard in Pompano Beach. Developed by SP Developments, Vertical Developments, WellDuo, and GCF Development, the project will introduce 28 exclusive oceanfront residences, each occupying an entire floor across 19 stories. Sales are being led by Fortune Development Sales, with units starting at $5 million. Groundbreaking is scheduled for 2025, with completion expected in 2028.
Miami-based Cymbal DLT has proposed a high-rise tower under the Live Local Act in Miami. The project, which our sources call “the Cymbal DLT Midtown”, would require more than 850,000 square feet of new construction.
Construction is progressing at Excel Miami, a 24-story multifamily tower rising at 1550 Northeast Miami Place in Miami’s Arts & Entertainment District. The project has secured $94.5 million in construction financing, comprising a $68.5 million senior loan from Centennial Bank, facilitated by Jay Brito, and a $26 million subordinate loan originated and agented by an affiliate of Southern Realty Trust Inc. (SRT).
Miami’s Urban Development Review Board will consider plans regarding Rosee Wynwood on November 20th. The preconstruction venture will measure six stories above grade and offer 140 units, with square footage ranging from 430 to 1,342 square feet.
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