Sub Markets

Property Sectors

Topics

Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Florida & Gulf Coast  + South Florida  + Hospitality  | 
38 W. 11th to rise 44 stories in Miami

Miami Condo Developers Obtain $215M Loan for 659-Unit Project

PMG, Lion Development Group and Marc Roberts Companies secured $215 million in construction financing for 38 West Eleventh Residences Miami, a 44-story, 659-residence condominium in Miami’s Park West neighborhood. Rising at 38 Northwest 11th Street and currently 99 percent sold, the property will offer fully furnished luxury residences along with short-term rental flexibility and an opportunity for owners to enjoy the ability to host guests 365 days a year on Airbnb. GoldenTree Asset Management provided financing. PMG Residential exclusively represents sales for 38 West Eleventh Residences Miami. The project is designed by Sieger Suarez Architects and the general contractor is John Moriarity & Associates. The project is slated for completion in Q1 2028. 

Unique to 38 West Eleventh Residences Miami is its distinctive 30,000-square-foot, tri-level experiential entertainment venue. Additionally, each owner will have the opportunity to host on Airbnb year-round, marking the first time this feature is offered at a residential condominium in Miami. Other amenities include a pool, fitness center, supper club and co-working spaces.

Connect

Inside The Story

PMG

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development