Meta Development scores $28M loan to build Coconut Grove condos
Meta Development scored a $28M construction loan to build Opus, a planned 12-unit boutique condominium in Coconut Grove. Los Angeles-based Arixa Capital provided the financing to Miami-based Meta, a joint venture between Lucid Investment Group, also based in Miami, and Brazil’s Iron Capital, a press release states. Meta is led by CEO Andrew Rasken. The firm plans to soon begin demolition of a former rental townhome complex at 3127 Southwest 27th Avenue, and expects to complete Opus in 2027, the release states. A Meta affiliate bought the property for $6.7 million in 2023, records show. Designed by Brazilian architect João […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Palm Beach County mayor draws scrutiny for watching college football championship in Steve Ross’ box
Time Equities scores $160M to build Boynton Beach Town Square apartments
South Florida merger to create largest Realtors’ association
Robert Rivani finds buyer for waterfront Palm Island flip asking $28M
Broken records across South Florida signal strength at top of resi market
Real Estate Fraud Losses Hit $275M
South Florida Association Merger Sets Record
Movers & Shakers: Official’s ex-growth head named Elliman CEO’s chief of staff
How Occupations Shape Homeownership Rates
Officials Urge Home Preparedness for Wildfires
