Posted Apr 28, 2026, 9:40 PM
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Moderator
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Join Date: Jan 2009
Location: Austin, TX / Portland,OR / Chicago, IL
Posts: 14,384
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Fortune International Group and Château Group Secure $113.75 Million Loan for North Tower of The St. Regis Residences, Sunny Isles Beach
Quote:
Fortune International Group and Château Group have secured $113.75 million in development financing for the North Tower of The St. Regis Residences, Sunny Isles Beach, Miami, an oceanfront condominium development at 18801 Collins Avenue in Sunny Isles Beach. The loan, provided by City National Bank of Florida and arranged by Berkadia’s Miami office, will support pre-development activity as the North Tower approaches a planned summer groundbreaking. The project is designed by Arquitectonica and is being built by Coastal Construction.
The financing advances the next phase of the two-tower development as vertical construction continues on the South Tower, which is nearing sellout. The North Tower is expected to follow with its own construction start later this year, continuing momentum at the site.
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