The project is planned for 500 units with the development of two nine-story buildings and two six-story buildings. Altman Development Corp. is the developer for the owner. The contractor for the buildings is Suffolk Construction Co. of West Palm Beach. The construction contract is for $40.85 million or $81,700 per unit. The project is being partially funded with a $35-million loan from Bank of America. Sunny Isles is located north of North Miami Beach, about 20 miles from downtown Miami.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
