Miami Condo Market and Lifestyle Updates
Sweetwater developer gets loan for student housing

Sweetwater developer gets loan for student housing

by Sep Niakan | June 06, 2014

The creator of a student housing structure near Florida International University acquired a construction mortgage from a group of lenders for $35.4 million.

The developer, Sweetwater Properties I of Boca Raton, received the financing for the property. According to Miami-Dade County records, the transaction closed April 17th and was recorded on April 18th, and the loan matures in April 2018.

The property, Plaza Suites II, is located at 10899 Southwest Fourth Street in Sweetwater. Plaza Suites II is an eight story, 72,310 square-foot condo building, and has been placed northeast of FIU’s main campus.

A group of lenders, managed by St. Louis-based BMO Harris Bank, gave Sweetwater Properties the mortgage funding. The bank is managed by Ricardo Vadia.

Vadia’s company has developers working on a 15 story student housing facility called the 109 Tower, located at the crossing of Southwest Seventh Terrace and 109th Avenue.



Photo credit: Florida International University - 

Recent posts


March Events in Miami Worth Attending

by Sep Niakan | February 26, 2017

The first days of Spring in Miami are arriving and so is a wave of exciting new events. Whether you’re enjoying the spring break (or trying to avoid those on one), here are some great events to look forward to in the month of March: Miami...

Real Estate News

Move over Edgewater condos, here come the hotels

by Sep Niakan | February 22, 2017

A previous blog on how a petition to privatize an alley adjacent to Cité Condo sparked rumors of a new hotel coming to Edgewater did spark another thought process. It seems the latest trend for developments in Edgewater is to either be a...


Where to Find the Best Latin and Caribbean Food in Miami?

by Sep Niakan | February 15, 2017

Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...


A Note from Sep: Valentine’s Day Thoughts in Miami, The Global City

by Sep Niakan | February 14, 2017

Valentine’s is just around the corner, and while most people equate Valentine’s Day with romantic love, I prefer to celebrate love in a broader sense. To me, it’s more about celebrating bonds and relationships of all kinds,...