Related Group and Integra Investments have successfully secured a $527 million construction loan for the St. Regis Residences, Miami in partnership with TYKO Capital. The luxury residential tower is located on the beautiful Biscayne Bay waterfront in Miami’s South Brickell neighborhood.
According to Nick Pérez of Related Group, this is one of the largest residential construction loans ever obtained in South Florida. The 50-story tower at 1809 Brickell Ave will feature 152 condominium homes ranging from two to six bedrooms, including penthouses and sky villas as well as two garden villas that stand alone. Currently, over 60% of these homes are already under contract.
The condo owners can look forward to enjoying over 50,000 square feet of indoor and outdoor spaces which include a state-of-the-art fitness center complete with pilates and yoga studios, a private marina for boating enthusiasts,and even an indoor lap pool.
Food lovers will also be delighted by the culinary offerings at The Residences which include the elegant St.Regis Tea Room as well as a fine-dining restaurant led by Michelin-starred chef Fabio Trabocchi.
This exciting development has been reported by Connect CRE.
