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Estate Cos. Inks Construction Loan for Midtown Development
TD Bank provided a $64M construction loan to The Estate Cos. for a Midtown apartment and commercial development in Homestead.
The South Miami 20.8-acre property is at the southeast corner of Southwest 312th Street/Campbell Drive and Northeast 30th Avenue. The deal was brokered by James L. Fried of Sandstone Realty Advisors. The Estate Cos. bought the vacant land from Baptist Health South Florida for $14 million in May. It’s located just south of Homestead Hospital.
The Estate Cos. will begin construction of Soleste Midtown in December. The project includes 354 garden-style apartments, about 43,000 square feet of commercial space and 1,000 parking spaces. The Midtown Group will develop and own the commercial space.
Soleste Midtown will feature six five-story apartment buildings, with apartments ranging from 676 to 1,131 square feet. It will include a 7,000-square-foot clubhouse, a pool and a playground.
The project should be completed in the second quarter of 2026.
- ◦Development
