Recent activity across Florida highlights a mix of financing, development and capital markets moves touching multiple property types and regions. In Miami’s Brickell neighborhood, Linkvest Capital, through its lending affiliate LV Lending, closed a $42 million refinancing and pre-development loan for 75 Broadway, a planned 52-story luxury condominium by Ytech. The loan, arranged and provided by Linkvest Capital founding partners Camilo Niño and Ricardo Uribe, supports advancement of the 106-residence tower at 41-75 SW 15th Road. The project is designed by architecture firm Kohn Pedersen Fox and is planned to deliver 106 luxury condominium units.
Also in Miami, Miller Construction has started work on The Triangle, an eight-story multifamily mixed-use residential building. Located at 1750 NW 15th St Rd, the 121,636-square-foot project will bring a 112-studio-unit modern housing development to the Allapattah neighborhood. DFRE is developing the property, which is positioned as a dense, studio-focused residential offering serving this emerging submarket.
Construction and corporate moves are extending beyond Miami as well. In Fort Lauderdale, Rycon has promoted Lewis Kent to President of its local office. Kent, who joined the firm in 2016, has progressed through several leadership roles across preconstruction, operations and estimating, with experience spanning industrial, mixed-use and retail projects. In his new position, he will lead Rycon’s South Florida presence and oversee the firm’s regional construction activity.
On the industrial side, CBRE arranged a $20.1 million construction loan on behalf of Banyan Street Capital and Lafayette Street Capital for Lake Emma Gateway, a 158,305-square-foot industrial redevelopment in Lake Mary, Florida. Atlantic Union Bank provided the construction financing, which will fund the conversion of a former office campus into a two-building Class A shallow-bay industrial complex. The project illustrates continued demand for modern industrial product and the reutilization of legacy office sites in the region.
Capital markets staffing is also evolving. Marcus & Millichap Capital Corporation announced that Brian Coghill has joined its Jacksonville office as Director, Capital Markets. As the office’s first capital markets originator, he will serve clients along the Savannah-to-Jacksonville corridor in Georgia and Florida. His addition expands MMCC’s Florida capital markets platform, which previously covered Miami, Orlando and Fort Lauderdale, further broadening the firm’s reach across the state’s major metros.
Together, these transactions and personnel changes underscore active construction lending, adaptive reuse of former office assets and continued build-out of capital markets capabilities across Florida’s key commercial real estate hubs.
