Sports & Social to Open New Two-Level Sports Bar at Pointe Orlando This Fall

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

Sports & Social, a new two-level sports bar, is scheduled to open this fall at Pointe Orlando as part of the expansive 73,000-square-foot Live! At Pointe Orlando complex. Spanning 12,930 square feet, the venue will offer approximately 200 seats, although this figure may change as construction progresses. The renovation of the space, formerly occupied by B.B. King’s Blues Club, is being handled by Good News Construction following its closure during the Covid-19 pandemic.

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25-Story Residential Tower In Edgewater To Be Named ELLE Residences Miami

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

ELLE Residences Miami will bear the ELLE name as part of a licensing agreement signed with Lagardère Médias News, owner of the ELLE brand. Designed by Behar, Font & Partners and developed by Urban Network Capital Group (UNCG) and Vertical Developments, the 25-story condo will feature 180 units, with short-term rentals permitted. Through affiliate Residences at 5th Avenue LLC, the developers filed plans earlier this year for the 19,292-square-foot site at 445 and 455 Northeast 36th Street and 3618 and 3630 Northeast Fifth Ave in Edgewater. The site was acquired for $13.5 million in 2023.

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$34.8 Million Mezzanine Financing Secured For Miami Airport Marriott Connection

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

Driftwood Capital has provided $34.8 million in mezzanine financing for refinancing Miami Airport Marriott Connection, a Marriott-branded complex with three hotels near Miami International Airport. The financing was provided through Driftwood Lending Partners, LP (DLP), to an affiliate of Cerberus Capital Management and Highgate. Driftwood originated the two-year loan with three one-year extension options at a competitive interest rate.

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