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.
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