Ytech is developing 7 Broadway, which would total 400,892 square feet in 54 stories, with 113 condos and 193 parking spaces in Miami’s Brickell Financial District. Amenity decks would be on floors eight, 49 and 50, including a pool on the latter floor. The project will only take up about 20,000 square feet of land. Ytech paid just over $8 million for the property.
The South Florida Business Journal reports the condo would mostly have larger units. The typical condos would range from 1,380 to 2,490 square feet, plus there would be a select number of 5,932-square-foot penthouses. It would have 36 one-bedroom units, 36 two-bedroom units, 38 three-bedroom units, and three penthouses. Kohn Pederson Fox Associates in New York designed the project.
Ytech is already building the 70-story Residences at 1428 Brickell only a block away. In between them is the Cipriani Residences Miami, which is under construction by Mast Capital.
RioCan is shifting $235M in residential development assets toward commercial uses, a move disclosed in its third-quarter results that raises questions about plans for an approved 80-storey condominium tower on Toronto’s Mink Mile. The tower at 83–95A Bloor St. W., planned with Parallax, received zoning approval in December 2024. But RioCan’s latest financial statements identify...
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Affinius Capital LLC has originated a $226-million loan to refinance 55 Willoughby (marketed as House 55), a Class A, 295-unit, 43-story multifamily property with 3,200 square feet of ground-floor retail located in Downtown Brooklyn. The loan was made to a joint venture between Lonicera Partners and Rabina. Proceeds will bridge the property to stabilization early...
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Northmarq’s Midwest Investment Sales team, led by Anthony Martinez, Parker Stewart, Dominic Martinez and Alex Malzone, in collaboration with its Chicago Debt + Equity team led by Brett Hood, arranged the $17.175 million sale and $13.779 million acquisition financing of Village at Grant Square, a 204-unit garden apartment located at 7349 Grant St. in Omaha,...
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