Miami Condo Market and Lifestyle Updates
Biscayne Beach Condo Tower Receives a $120 Million Construction Loan

Biscayne Beach Condo Tower Receives a $120 Million Construction Loan

by Sep Niakan | September 15, 2014

Creators of the renowned Biscayne Beach have obtained a $120 million construction loan for the development of the upcoming condo tower.

A partner of Blackstone Real Estate Debt Strategies awarded the loan, which allows for developers to pull an additional $120 million, capped out at $240 million, for the 51-story project.

Developers GTIS Partners and Eastview Development have teamed up to create the 399-unit project. The duo partnered on the purchase of the property in April 2013. They purchased the property for $29 million. Pre-sales commenced for the condo tower in July.

Construction is already underway for Biscayne Beach, having already started their construction in April.

WHLC Architecture teamed up with Miami’s BC Architects to tackle the architectural design. Moss Construction is the contractor for the construction.



Photo credit: Biscayne Beach

Recent posts

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,...

Real Estate News

2017 is Going to Be a Renter’s Market for Downtown Miami Condos and Apartments

by Sep Niakan | February 12, 2017

If you thought living in Downtown Miami was a distant dream, think again. 2017 comes bearing great news for those who’ve always wanted to live close to the urban core but couldn’t afford it. You will now be able to rent a Downtown Miami...