Melo Group nabs $63M loan for Miami Plaza apartments

Project finance Project finance is a form of syndicated finance designed for long-term infrastructure and industrial projects often involving governments. We play a significant part in funding projects in various industrial sectors, catalyzing public and private partnerships and reducing project risk using a mix of government credits, insurance and private lending.

Melo Group closed on a construction loan for Miami Plaza, a 36-story tower in Miami’s Arts & Entertainment District, property records show. BB&T Bank is the lender on the $62.7 million loan for.

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Miami, June 05, 2018 (GLOBE NEWSWIRE) — Ocean Bank and Melo Group announced today the bank has provided an $85 million loan for the construction of art plaza apartments, a residential complex.

Miami’s Planning, Zoning and Appeals Board declined to endorse Melo Group’s proposed 36-story building near the Adrienne Arsht Center for the Performing Arts north of downtown Miami. In a 5-3 vote,

Ask and ye shall receive: Developers step up concessions in tepid market The Daily Roundup is our comprehensive coverage of the VR industry wrapped up into one daily email, delivered directly to your inbox. The Daily Roundup is our comprehensive coverage of the VR industry.New Fed Mortgage Expands Lending Coverage on the East Coast into Virgi Construction To Permanent Loan Closing Costs Best Place To Get A. pre construction loan New Fed Mortgage Expands Lending Coverage on the East Coast into Virginia – construction loans, 203k renovation loans, and.

Steve Addison . Search this site. Home.. Boca offices sell for $28M, apartments next door get $63M loan. Boca revives plan to replace ex-landfill with a park.. The Wrap: Adler Group signs utilities deal for new Miami River apartments, South Florida construction craze brings new wave of.

Location: 601 NE 23 St. Miami, FL 33137 Status: Completed on May 2, 2012. Type: Residential Condominium Features: 17 Floors 96 Residential Units 2 Commercial spaces 142 Parking Spaces Construction broke ground in July 2011. Mostly sold in South American and European markets. First condominium built and completely sold in Miami after the economic crisis.

Melo Group has demolished several apartment buildings on the site where they plan to build the Art Plaza apartment towers. According to a spokesperson, the developer has not yet set a groundbreaking date. Miami commissioners approved a rezoning needed for the project over the summer, on the.

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One month after ASRR Capital announced plans to build a massive 1.7 million-square-foot complex on a block-long swath of land in Miami’s Arts &.

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Boca offices sell for $28M, apartments next door get $63M loan The offices at 900 Broken Sound Parkway, one of three buildings sold in a transaction this week A pair of Boca Raton office properties, located next to an upcoming apartment development that just scored construction financing, were just sold for $28.25 million.

Aria on the Bay, an upcoming luxury tower from the Melo Group, was recently approved for construction by the FAA. The 53-story tower had planned to build up to 535 feet, but the FAA suggested to.

based private equity firm The Bascom Group LLC has acquired Sunset Cove Apartments in Costa Mesa. beaches and retail centers like South Coast Plaza and Pacific City. Paul Diamond, senior vice.