Adam Metzger, Erik Rutter, David Weitz, Greg Newman and Kendall Martin
Oak Row Equities, a vertically-integrated private equity and real estate development company with over $1.6 billion of development in South Florida, have broken ground on 2600 Biscayne Boulevard, a transformative Class AAA multifamily and office tower in the rapidly-maturing Edgewater neighborhood of Miami.
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Miami-based real estate development firm Mast Capital in partnership with AvalonBay Communities, a publicly traded real estate investment trust that invests in multifamily developments, has delivered Avalon Merrick Park. Situated at 3811 Shipping Ave. in the upscale Coral Gables area, the residential community has 254 luxury rental units.
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New York City-based Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, has topped off Wynhouse Miami, a mixed-use multifamily development in the heart of Miami’s Wynwood neighborhood.
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Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing for the development. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan, which was provided in 2021 by Bank OZK. Completed in Summer 2023, Natura Gardens includes 460 garden-style rental apartments across 23-acres in Miami’s West Hialeah neighborhood.
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As the appetite for apartment living in Miami Beach continues to soar, Mast Capital, a Miami-based development firm led by Camilo Miguel, Jr., in partnership with Boston-based real estate private equity firm Rockpoint, have topped off construction on its newest luxury rental community on Alton Road.
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FIRST ON PROFILE: Oak Row Equities, a dynamic vertically-integrated real estate private equity and development company with over $1.6 billion of development in South Florida, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions, revealed final design plans for 2900 Terrace in Edgewater, Miami following approval from the UDRB.
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Wynwood Haus, a new mixed-used, multifamily development designed to encourage living, working, wellness and community in one central locale, has launched pre-leasing for its 224 luxury apartment homes and prepares to welcome its first residents by year's end. Leasing is overseen by Metro1.
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Berkadia has secured a $31 million loan to refinance No.17 Residences Allapattah, a 192-unit attainable luxury apartment rental building in the Fruit Packing District of Allapattah. Berkadia South Florida secured the financing on behalf of Neology Life Development Group, a lifestyle-driven residential and commercial real estate firm, led by Lissette Calderon, that specializes in the transformation of overlooked and undervalued communities into vibrant urban neighborhoods. Fannie Mae originated the 10-year loan with five years of interest-only.
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Housing Trust Group (HTG), a developer of market-rate and affordable housing, has completed Flagler Station, a new $33 million affordable apartment community located in downtown West Palm Beach, Florida. It is the first new affordable apartment community to be built in the city’s downtown in 30 years.
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Clara Homes, a Miami-based real estate development firm founded by James Curnin, has received the approval for its third building and site plan at Clara Bay Harbor, a three-building ultra-luxury rental community in Miami's Bay Harbor neighborhood. Located from 10200 to 10290 East Bay Harbor Drive, the project's third and final six-story building will feature 77 expansive apartments as the largest of the three, spanning 1.3 acres.
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