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This week in Miami real estate: New condos planned for Bay Harbor Islands, a $307 million development project approved, and more

by Drake Pena

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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.

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