Affinius Capital originated a $250 million construction loan to finance the ground-up development of Brickell Starlite, a 39-story, Class A multifamily property featuring 517 units and 8,000 square feet of retail located in the Brickell submarket of Miami. The loan was made to Focus and Group Fox.
Brickell Starlite will feature studio, one-bedroom, two-bedroom, and three-bedroom layouts, with five percent of the units designated for workforce housing. Amenities include two outdoor swimming pools, two amenity decks with cabanas, a cold plunge, a fitness center, a sauna, co-working space, a dog run, and a dog spa. The tower will offer views of Biscayne Bay and the Miami skyline.
Located at 128 Southwest 7th Street on the site of the former Starlite Motel, the property features frontage on both SW 7th and 8th Streets.
Cushman & Wakefield’s team of Chris Lentz, Chris Moyer, Jeff Altenau, Susan Tjarksen, and Marc Royer arranged the financing on behalf of Focus and Group Fox.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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