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PMG Locks Down $161.5 Million Construction Loan For 400 Biscayne

PMG Locks Down $161.5 Million Construction Loan For 400 Biscayne

September 12, 2019

PMG and Greybrook Realty Partners have locked down a $161.5 million construction loan for the development of 400 Biscayne. The financing was provided by Centennial Bank and Square Mile Capital, the same group that provided the loan for PMG’s neighboring and completed project X Miami.

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In Commercial, Construction, Construction News, Construction Update, Downtown, Finance & Banking, New Construction, News, Residential Tags Greybrook Realty Partners, PMG, Property Markets Group, News, 400 Biscayne, 400 Biscayne Boulevard, Downtown, Downtown Miami, New Construction, Financing, Finance, Finance & Banking, Luis Flores, Saul Ewing Arnstein & Lehr, Andrew Warman, Jonathan Blank, Lowell Plotkin, First United Methodist Church of Miami, Residential, Commercial, Ryan Shear, Centennial Bank, Square Mile Capital, Construction Loan, Construction News, Construction Update, construction, Construction, Featured
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Prosper Group and Versluys Group Close On Brickell Waterfront Land Assemblage For $50 Million, Set To Move Forward With $650 Million Luxury Development 2.png
August 5, 2026
Prosper Group and Versluys Group Close On Brickell Waterfront Land Assemblage For $50 Million, Set To Move Forward With $650 Million Luxury Development
August 5, 2026

A joint venture between Miami-based development company Prosper Group, led by CEO Jay Roberts, and Belgium’s Versluys Group, one of Europe’s leading luxury property developers, led by CEO Bart Versluys, have closed on a three-parcel assemblage for $50 million. Miami-based Vaster provided a $30.5 million acquisition loan.

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August 5, 2026
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Developers of The St. Regis Residences, Sunny Isles Beach, Miami, Complete Landmark Foundation Pour As South Tower Prepares To Go Vertical
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Fortune International Group and Château Group, developers of The St. Regis Residences, Sunny Isles Beach, Miami, have reached a significant construction milestone with the South Tower’s mat foundation pour, advancing the ultra-luxury oceanfront development at 18801 Collins Avenue into its next phase.

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August 4, 2026
Penthouse at St. Regis Residences, Miami Under Contract For $47 Million 6.jpg
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The St. Regis Residences, Miami Passes 80% Sold As Penthouse Goes Under Contract For $47 Million
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A penthouse at The St. Regis Residences, Miami is under contract for $47 million, marking one of the largest and highest-priced condominium transactions in Brickell's history and highlighting continued demand for ultra-luxury residences in Miami's urban core. The buyer, a New York family relocating to South Florida, has placed the two-story Charles Penthouse under contract at the waterfront development in South Brickell.

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August 3, 2026
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