SB Development, Hazelton score $170M construction loan for Edgewater condo tower
SB Development Group and Hazelton Capital Group scored a $170 million construction loan for their planned waterfront Edgewater condo tower, Cove Miami. The partners secured financing from Bravo Property Trust, a New York City-based firm led by founder and CEO Aaron Krawitz, according to a press release. It’s been two years since New York-based SB Development and New York-based Hazelton launched sales for the 40-story, 134-unit tower planned at 456, 480 and 496 Northeast 29th Street in Miami. Cove Miami’s units will have one to four bedrooms, according to the project’s website. Amenities will include a pool, fitness center, spa […]This article originally appeared on The Real Deal. Click here to read the full story.
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