Continuum Closes on $67M Construction Loan for Bay Harbor Condos
Continuum Company secured a $67 million construction loan from S3 Capital to advance La Baia North, its second boutique bayfront condominium in the Bay Harbor Islands. The eight-story project at 9481 E Bay Harbor Drive will feature 57 residences and is scheduled for delivery in early 2027.
La Baia South, its sister project, is fully sold and expected to receive its Temporary Certificate of Occupancy in Q4 2025.
La Baia North will feature 57 two- to four-bedroom residences, spanning between 1,400 and 2,100 square feet and offering private boat slips for residents. The development offers 20,000 square feet of outdoor amenities, including a poolside sundeck, heated soaking spas, and a sunset lounge with an accompanying fire pit.
Additionally, La Baia North offers extensive family-friendly amenities, including a rooftop kids’ splash pad, dedicated kids’ play lawn, outdoor dining, dedicated study pod areas ideal for homework or tutoring, and outdoor rooftop kids’ tents. It also offers a dockside pick-up and drop-off area.
From capital markets and financing trends to development, acquisitions, and property management strategies, Connect Apartments on September 11 dives into the issues shaping today’s multifamily landscape. Join the experts leading conversations on affordability, innovation, market dynamics, and investment opportunities—all in one day, under one roof. If you want the latest insights that drive decisions in apartments, this is where you’ll find them: www.connectapts2025.com
Other News
Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor
Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
Learn more
40-Unit Apartment Building in Seattle’s University District Trades for $6M
Ponderay Apartments, a 40-unit multifamily property located at 5625 15th Ave NE in Seattle’s University District, sold for $6.26 million, equating to $156,625 per unit. Built in 1963, the property totals 21,540 square feet and consists of 22 one-bedroom units and 18 studio apartments. The studios average 478 square feet, while the one-bedroom units average...
Learn more
TruAmerica Pays $120M for Perimeter Center Rental Community
TruAmerica Multifamily acquired Bricks at Perimeter Center for $120 million. Clark Ventures was the seller of the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket. Clark paid $69.5 million for the property in 2016. TruAmerica will revamp nearly all of the rooms in the complex, which was built in 2007. The company plans to incorporate...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout