Ugo Colombo, Fort Partners score $324M loan for Four Seasons Coconut Grove
Ugo Colombo’s CMC Group and Nadim Ashi’s Fort Partners secured a $328.8 million construction loan for the planned Four Seasons-branded condo building in Coconut Grove. Bank OZK is the lender, according to a news release. Colombo, founder of CMC, said the developers were considering more than 10 lenders “providing highly competitive terms.” The 20-story, 70-unit luxury condo tower, at 2699 South Bayshore Drive, is expected to be completed in the middle of 2028. The developers demolished the previous building last year. The project will mark the first Four Seasons in the popular Miami neighborhood. Over the past decade, a handful […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Nobu co-founder buys Delray home, developer sells Bear’s Club mansion for $34M
European hedge fund Brevan Howard leases Miami office amid flock of newcomers
Miami design board swoons over OKO Lilli, 13th Floor’s Nobu condo towers
Palm Beach County nixes proposed Project Tango data center
Florida’s largest Live Local Act project is bold. Its ambitious developer is controversial
Billionaire Ken Griffin eyes city-owned Brickell property in $3M deal
South Florida’s top deals: Waterfront Key Biscayne home sells for $18M
Saudi Arabia opens property ownership portal to foreign buyers
Florida home sales gain momentum, extend growth streak to 10 months
Mature trees can add to resale value, agent says
