Onyx Housing Group Closes On Land For 159-Unit Multifamily ‘Regatta Point’ In Homestead, Florida

8:00 am on March 18, 2024 By Oscar Nunez

Today Onyx Housing Group, a multifaceted real estate development firm based in South Florida, announced the closing of six land parcels at 16300 Southwest 296th Street in Homestead, Florida. The 150,201 square foot, 3.45 acre-lot was asking $4.95 million and will be the future home of Regatta Point, a $46.5 million-dollar multi-family project. Current Real Estate Advisors’ Alejandro Snyder & Michael Williams represented Onyx Housing Group and Lisa Gonzalez (KW Commercial) represented the sellers, Jeffrey Jay and Ana Maria Butt. Regatta Point is the second south Miami-Dade project by Onyx partners Shadi Shomar & Gonzalo De Ramon. Shomar also leads Miami-based Arte Hospitality, a hotel firm that owns properties including Bentley Hotel South Beach at 510 Ocean Drive in Miami Beach.

Read More

Oak Row Equities Closes $181M Construction Loan From Bank OZK For 2600 Biscayne Boulevard In Edgewater, Miami

8:00 am on March 17, 2024 By Oscar Nunez

Oak Row Equities has closed on a $181M construction loan from Bank OZK for 2600 Biscayne Boulevard, a 41-story Class AAA office and multifamily tower in Miami’s rapidly-maturing Edgewater submarket. This transaction is one of the largest mixed-used construction loans to close in South Florida in the past year. Newmark’s Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Daniel Matz arranged the financing. Remarkably, 50% of 2600 Biscayne’s office and retail space was pre-leased before breaking ground, marking it as one of Miami’s most pre-leased new construction office buildings.

Read More

Construction Progresses On CMC Group’s ‘Vita at Grove Isle’ Condominium In Coconut Grove, Miami

8:00 am on March 16, 2024 By Oscar Nunez

Miami’s CMC Group, under the leadership of Ugo Colombo, has reached a significant milestone, advancing past the halfway mark in the construction of Vita at Grove Isle. This seven-story boutique luxury condominium is emerging on Grove Isle, a secluded 20-acre island just off the coast of Miami’s Coconut Grove neighborhood. Located at 5 Grove Isle Drive, the development features three interconnected buildings, each being constructed sequentially to ultimately create a cohesive structure. Earlier this year, CMC Group obtained a $239 million construction loan from Bank OZK, earmarked for the continued progress of the condominium. The project, which initiated construction in April 2023, anticipates structural completion of all three buildings by this summer, with the entire development expected to be ready for occupants by late 2025. 

Read More