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Miami Condo Developers Obtain $527M Construction Loan
Related Group (Related) with Integra Investments closed on a $527 million construction loan for the St. Regis Residences, Miami (The Residences), on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood. The loan was provided by TYKO Capital.
“We’re pleased to partner with TYKO Capital to obtain one of the most substantial residential construction loans in South Florida’s history,” said Related’s Nick Pérez.
Located at 1809 Brickell Ave., the 50-story tower will feature 152 condominium homes ranging from two to six bedrooms, including penthouses, sky villas and two stand-alone garden villas. Over 60% of The Residences’ 152 homes are now in contract.
50,000 square feet of indoor and outdoor spaces await the condo owners, including a fitness center with a pilates and yoga studio, a full-size pickleball court, a private marina, and an indoor lap pool.
The culinary offerings at The Residences include the St. Regis Tea Room and a fine-dining restaurant led by Michelin-starred chef Fabio Trabocchi.
- ◦Development
- ◦Financing
