Prolific South Florida multifamily developer The Estate Cos. secured a $36 million construction loan for its new community in Miami's historic Spring Garden district.
Estate, based in South Miami, secured the loan from Bank OZK based in Little Rock, Arkansas, last Wednesday.
The eight-story Soleste Spring Gardens will have 240 units on 1.35 acres south of the Dolphin Expressway and northeast of the Miami River at 1033 Spring Garden Road between Seventh and 12th avenues.
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.
Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
