Related Group, BH add to their Hollywood pipeline with $360M construction loan
The Pérez family’s Related Group and Isaac and Liat Toledano’s BH Group secured $360 million in construction financing for their Icon Beach Waterfront Residences, a two-story luxury condo project in Hollywood. Adi Chugh’s Tyko Capital is the lender, according to a news release. The loan adds to a pipeline of construction financing developers have secured for condo projects across South Florida this year. Icon Beach, a planned 350-unit, 31-story development at 3210-3690 South Ocean Drive, is set to begin construction in May, according to the release. It could be completed in 2028. The twin-tower project is designed by Cohen Freedman […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
“Reckless”: Lawsuit accuses Madison Realty of negligence and financial mismanagement at downtown Miami condo-hotel tower
Hip hop mogul Rick Ross adds “developer” to resume in Miami Gardens
Florida REIT accused of fraud, spending investor money on jets, jewelry, gun ranges, adult clubs
Top permits: $44M condo reno, massive Baptist hospital expansion
Lender makes $40K credit bid for foreclosed Broward beach resort
Multifamily is back. Or is it? Oversupply lessens but vacancies, pipeline still high
South Florida’s top deals: Sketchers co-founder picks up Miami home for $11M
Pinnacle scores $41M financing for senior affordable housing in growing market
Baron nabs $227M refi for Hialeah rental complex as nearby development advances
Billionaire Larry Ellison expands Manalapan estate with $34M land buy
