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Jan

07

Trio of Developers Wins $91M Loan

By Tony Seruga

Multifamily and Student Housing are coming to Miami! Registration is open for RealShare STUDENT HOUSINGand RealShare APARTMENTS EAST. Double the networking at The Thompson Hotel, Miami Beach on February 23-24. Discounts available when you attend both events.

Eighty Seven Park is located in Miami Beach’s North Beach neighborhood close to both South Beach and Bal Harbour.

MIAMI–Terra, Bizzi & Partners, and New Valley have secured $91.2 million construction loan for Eighty Seven Park. United Overseas Bank made the loan, which sets the stage for developing of the tower early this year.Site work is underway at 8701 Collins Avenue in Miami Beach. Vertical construction is expected to start in the early second quarter.

With only 70 units, Eighty Seven Park will become one of the region’s most exclusive residences. The Atlantic Ocean bounds the property on the east, a 35-acre public park to the south, and a two-acre private park to the north. Eighty Seven Park is located in Miami Beach’s North Beach neighborhood close to both South Beach and Bal Harbour…

Trio of Developers Wins $91M Loan

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