Another busy week flew by in the Miami real estate market. Just in case you weren’t able to keep up with it all, we were. Here’s what happened:
Apartment project plans coming to fruition- Mill Creek Residential secured a $39.39 million construction loan to continue plans for its Modern Douglas Station apartments. Check out how far along the apartments are here.
Bay Harbor Islands set to receive new condos- Allure Development Group’s first project in the area has a new name, and is set to begin sales soon. Nicknamed “Sophie,” the seven-story development is the first of a group of projects that Allure plans to name in a peculiar way.
Donald Carter property off the market- Sold for $12.5 million, the six-bedroom home had been for sale since Febuary of 2015. therealdeal.com has the full story and the background on the new Midwestern owner.
Dezer/Related group lands $305 million loan- Wells Fargo Bank bank awarded a construction loan to the Dezer/Related group for the Residencies by Armani/Casa. Set to complete in 2018, the units are priced anywhere form $2 to $15 million. South Florida Business Journal has the full story.
County approves redevelopment project- The Miami Dade County Commission approved a $307 million redevelopment of the Liberty Square housing project. Read more on the Liberty City project here.