Four Seasons Development Group Inks $323.8M Loan for Coconut Grove Residences
CMC Group and Fort Partners closed a $323.8 million construction loan from Bank OZK for the 70-unit Four Seasons Private Residences Coconut Grove.
Construction work on the 20-story waterfront tower is progressing, and the development remains on schedule to welcome residents in mid-2028.
The project is designed by Miami-based architect Luis Revuelta.
Residents will enjoy amenities that include a restaurant, library, children’s area, private event room and an pool deck and bar lounge serviced by Four Seasons. The on-site wellness program includes a fitness center, yoga and massage rooms, and a spa with a variety of features, including a cold plunge, hydromassage pool, infrared sauna, horizontal and leg showers, ice fountain, Roman-inspired sauna circuit and more. Residents have access to Four Seasons service even without the presence of a hotel.
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Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
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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80-Unit Seniors Housing Development Opens in Suburban Chicago
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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312-Unit Multifamily in Indiana Changes Hands
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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Brokers
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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
Lenders
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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