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Florida & Gulf Coast  + South Florida  + Apartments  |  February 21, 2023
Clara Homes has closed on a $26-million construction loan financed by Maxim Capital for Clara Bay Harbor rental community in Bay Harbor Islands, FL.
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By: Lisa McDuffie

Clara Homes Secures $26M to Build Luxury Rental Community in Miami’s Bay Harbor

Miami, FL-based Clara Homes has closed on a $26-million construction loan financed by Maxim Capital for Clara Bay Harbor, a three-building, 150-unit rental community located in the Miami submarket of Bay Harbor Islands, FL.

Clara Bay Harbor is the first South FL multifamily development for Clara Homes, real estate firm specializing in residential and commercial development, custom single-family homes and operations oversight. The company has completed spec homes in both Miami and Los Angeles.

The first of the three six-story buildings to start construction (situated at 10281 W. Bay Harbor Drive) will tout 28 luxury two-to-five-bedroom rental residences, a parking garage and an amenitized rooftop space encompassing a swimming pool, exercise area and sundeck. The additional two buildings are scheduled to break ground later this year.

“We are committed to bringing buildings to market that elevate luxury rental living across South Florida,” said James Curnin, CEO and founder of Clara Homes.

Photo courtesy Clara Homes

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Clara Homes' Curnin

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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