New Construction and Development
Berkadia announces it has arranged $78.19 million in construction financing for The Julia Residences (formerly No.16 Residences), a 323-unit attainable luxury mid-rise apartment community in the Fruit Packing district of Allapattah, in Miami, Florida. Senior Managing Director Charles Foschini and Managing Director Chris Apone of Berkadia Miami secured the financing on behalf of Neology Life Development Group, a lifestyle-driven residential and commercial real estate firm, led by developer Lissette Calderon, that specializes in the transformation of overlooked and undervalued communities into vibrant urban neighborhoods.
The “The Julia,” a $100 million, 14-story residential tower named for real estate pioneer and “Mother of Miami” Julia Tuttle, will deliver 323 apartments, offering “attainable luxury” to Miami’s growing urban population
MIAMI, Fla. – Trez Capital, a private real estate lender helping to build better communities across North America, funded a $78,197,393 construction loan for a 323-unit mid-rise apartment building in Miami’s emerging Allapattah neighborhood. The borrower is Neology Life, a development company led by Lissette Calderon, who has focused her work transforming the Miami River district.
Los Angeles, CA – Parkview Financial announced today it has provided a $50 million construction loan to Ming’s Garden Realty, LLC for the development of a 13-story, 143-unit condominium project with 40,034 square feet (sf) of ground floor commercial space located at 2601 4th Street in the Astoria neighborhood of Queens, NY. The project is within walking distance of a ferry station, which provides easy access to the Cornell Tech Campus on Roosevelt Island, Mid-Town and the Lower East Side of Manhattan. Construction recently commenced with completion anticipated for fall 2023.
Coral Gables-based Coral Rock Development Group today unveiled plans for Buena Vida, a Little Havana-based workforce/affordable housing mixed-use project.
Hawaii Governor David Ige, Hawaii Housing Finance and Development Corporation (HHFDC) Executive Director Denise Iseri-Matsubara, and members of the development team ceremonially broke ground recently on the $88 million, 20-story Kokua Senior Living affordable apartment community. The event included a traditional Hawaiian blessing ceremony led by Kahu Kordell Kekoa.