Related Group, Alta complete Casa Bella tower, pay off $240M loan

The Related Group and Alta Developers completed their Casa Bella Residences by B&B Italia in Miami’s Arts & Entertainment neighborhood, with a projected sellout of $580 million. Closings began in July for units at Casa Bella, a 56-story, 319-unit tower at 1400 Biscayne Boulevard, property records show. More than 200 unit sales have closed, and the developers also paid off their $240 million construction loan, developer Nick Pérez told The Real Deal at the opening party for the tower.  Cain International provided the construction loan nearly three years ago. Related, led by Jorge, Jon Paul and Nick Pérez, teamed up […]

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