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1400 Biscayne Boulevard
Casa Bella Miami is a long-awaited project that's shaping up to be a significant addition to our skyline. For the full details, check out the original article here.
Securing the Funds: A $240 Million Milestone
The Related Group and Alta Developers have achieved a major milestone in their journey with Casa Bella Miami by securing a whopping $240 million construction loan. This funding, provided by Cain International, is a testament to the project's potential and the confidence investors have in it. The 56-story, 319-unit development at 1400 Biscayne Boulevard is not just another building; it's a statement of luxury and style, branded by B&B Italia.
Construction and Delivery: The Road Ahead
Construction for this architectural marvel began earlier this month, with an anticipated completion date set for 2026. Despite the current challenges in the debt market, Casa Bella's strong presales have paved the way for this financing success. It's more than just a building; it's a future landmark with over 80% of its residences already presold. The highlight? A 5,900-square-foot triplex penthouse, already in contract for a staggering $12.6 million.
The Team Behind the Dream
The financing arrangement was expertly handled by a team led by Jordan Roeschlaub and Dustin Stolly of Newmark. Olga Monson of Fortune International Realty is at the helm of sales and marketing, ensuring that each of the one- to four-bedroom condos finds its perfect owner. And let's not forget the Italian design house B&B Italia, whose involvement guarantees an unparalleled level of style and elegance.
More Than Just a Residence
Casa Bella is set to offer an array of amenities that redefine luxury living. Imagine a wellness center, a poolside bar and cafe, a rooftop pool terrace, a theater, and even co-working spaces. This isn't just a place to live; it's a lifestyle.
The Bigger Picture: South Florida's Branded Residences
Casa Bella is part of a larger trend in South Florida, where branded residential buildings are becoming increasingly popular. This project, initially planned as an Auberge Resorts-branded high-rise, has evolved into something even more unique and desirable.
Cain International: A Partner in Growth
Cain International, the financier behind this project, is no stranger to ambitious real estate ventures. With a portfolio that includes 830 Brickell, Una Residences in Brickell, and the Delano redevelopment in Miami Beach, their involvement in Casa Bella adds another feather to their cap of successful projects.
Related Group's Continued Success
The Related Group, led by Jorge Pérez and his sons, Jon Paul and Nick, continues to make waves in the real estate market. Their recent sale of the 29 Wyn apartment complex in Wynwood for $135 million underscores their expertise and influence in the industry.
As we watch Casa Bella rise, it's clear that Miami's real estate market remains vibrant and full of opportunities. Whether you're an investor, a future resident, or just a real estate enthusiast, there's always something exciting happening here.
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