LCOR Inks $192.5M Construction Loan for Biscayne Bay Apartments

LCOR Inks $192.5M Construction Loan for Biscayne Bay Apartments
News| July 2, 2026| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

LCOR has begun work on Edgewater-area apartments after securing a $192.5 million construction loan. Natixis provided the loan to LCOR. It covers the 1.08-acre site at 1775 Biscayne Blvd. Coastal Construction started work on the project. The project is designed by ODP Architecture

The South Florida Business Journal reports the developer purchased the Edgewater property for $49 million in 2022. LCOR filed plans the following year for 544 apartments, 9,496 square feet of retail and about 620 parking spaces in 42 stories. It was designed by ODP Architects. Amenities will include a rooftop pool, a fitness center, a coworking center, and a gaming area.

LCOR is actively delivering new developments with 1,000 units under construction and an additional 1,200 units in the pipeline.

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