Continuum Secures $350M Construction Loan for Biscayne Bay Venture
Continuum Company, and joint venture partner Aksoy Holdings, secured $350 million to advance Continuum Waterfront District, a 4-acre, master-planned development along Biscayne Bay in North Bay Village.
Provided by S3 Capital, the loan includes $261 million in construction financing for Phase One, the western portion of the site, along with an additional $83 million in pre-development financing for Phase Two, the eastern portion of the site. The capital supports the continued buildout of a fully integrated district.
The Continuum Waterfront District is anchored by two gated residential towers, the first Continuum hotel, a 20-slip commercially zoned marina, waterfront dining, and office space.
Phase One is currently under construction with Continuum Club & Residences West, a 36-story waterfront condominium featuring 236 residences, and a waterfront restaurant and marina access for pick-up and drop-off.
Phase Two, targeted for completion in 2030, expands the district with Continuum Club & Residences East, introducing approximately 300 additional luxury condominiums. The phase also delivers the Continuum hotel, a member of Preferred Hotels & Resorts.
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Roxborough Makes Second NorCal Apartment Buy Through Latest Fund
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National Inflation Averages Hide Local CRE Opportunities, Marcus & Millichap Says
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University of Idaho Opens 451-Bed Student Housing Property
Gilbane and Rocky Mountain Companies, along with University of Idaho, celebrated the ribbon cutting of Vandal Village, a graduate and family housing complex on U of I’s Moscow campus. Located at 1010 Deakin Ave, the 200,000-square-foot complex encompasses 240 units, offering two- to four-bedroom plans. Designed to meet a range of housing needs, the development...
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout