Clara Homes has secured a $53.3 million construction loan for their latest project, Clara Bay Harbor 100th. This luxury multifamily development is located at 1145-1163 100th St in the beautiful Bay Harbor Islands just outside of Miami, FL.
The loan will be used to fund the second phase of this three-part project and begin pre-development on the third and final phase. Phase II will consist of 45 units with amenities such as a rooftop pool and sundeck, fitness center, and outdoor yoga studio.
Phase III will offer an additional 77 units while Phase I is currently under construction with plans to complete by the end of this year. The property’s prime location puts it within two miles from Miami’s famous boardwalks and beaches as well as being minutes away from Bal Harbour Shops.
This exciting new development by Clara Homes promises to bring luxurious living options to one of Florida’s most sought-after areas.
