S3 Capital has originated a $111 million construction loan to support the development of Sense22, a new multifamily high-rise planned for Edgewater in Miami. The 36-story rental tower is slated for a site at 114-138 NE 22nd Street in the Edgewater neighborhood, positioning the project within one of Miami’s established residential districts.
JLL Capital Markets arranged the financing, with Max La Cava working on behalf of the sponsor, HA Emprendimientos. The borrower is an active residential and mixed-use developer with a footprint across the United States and Latin America. According to the firm, its portfolio to date includes more than 1,000 residential units and in excess of 1.2 million square feet of completed projects.
HA Emprendimientos’ work in the Edgewater submarket already includes Sense28, an eight-story, 53-unit multifamily rental building. The new Sense22 development expands the sponsor’s presence in the neighborhood with a larger-scale tower that is intended to deliver additional rental housing inventory to the area.
Sense22 is planned to include 328 residential rental units across approximately 262,000 net rentable square feet. The unit mix will feature studios, one-bedroom, and two-bedroom apartments, with an average unit size of 799 square feet. This configuration is designed to offer a range of layouts within the multifamily building, while the overall scale adds a substantial number of new apartments to the local market.
Construction is being led by GRYCON, which is serving as general contractor on the project. The involvement of a dedicated general contractor underscores that the project has moved into an active development phase supported by the newly originated construction financing.
The building’s planned amenity program includes a rooftop terrace and pool deck, a furnished rooftop terrace with outdoor grilling areas, a spa, and a fitness center. Co-working spaces are also part of the design, reflecting the inclusion of work-focused common areas alongside traditional residential amenities.
By combining a sizable unit count, a structured amenity package, and a location in Miami’s Edgewater neighborhood, the Sense22 project represents another addition to the multifamily pipeline supported by construction lending in the urban Miami market.
