LCOR lands $193M construction loan for Edgewater tower amid flurry of apartment projects
LCOR scored a $192.5 million construction loan for a 544-unit luxury apartment tower in Edgewater, as developers are excitedly pursuing multifamily projects across South Florida, despite a lingering oversupply. New York-based LCOR started construction of a 39-story building at 1775 Biscayne Boulevard in Miami, according to the developer’s news release. The 1.1-acre site is a block from waterfront and Margaret Pace Park. The construction loan amounts to $354,000 per unit. Designed by ODP Architect, with interiors by Asprea Studio, the tower will include more than 40,000 square feet of amenities, over 10,000 square feet of ground-floor retail and a 448-space […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Miami developer Caroline Weiss dies at 88
Larry Ellison secretly bought homes for his staff near Manalapan compound
Publix pays $83M for retail plaza near Miami airport as it buys up shopping centers anchored by its stores
Buyers cash out of $23M Boca Raton estate in move to West Palm Beach
Auto insurance exec finds buyer for West Palm Beach waterfront mansion
Billionaire Ken Griffin closes on $1B-plus purchase of Mana Wynwood, bringing Carnegie Mellon to Miami
Helping buyers look beyond the 55-plus label
Homeowners report greater financial satisfaction
Appeals Court Upholds Dismissal of NAR Suit
Nicola Siervo, Roman Jones pay premium rent for planned Italian restaurant on Miami River
