CLIENT NEWS: Coral Rock scores $54M construction loan for Live Local Act project in Allapattah

December 30, 2025

Coral Rock Development Group scored a $54 million construction loan for a Live Local Act project in Miami’s Allapattah. Developers across South Florida have seized on the state workforce and affordable housing law by filing a flurry of proposals, but few have advanced their projects to the financing and construction stage. Coral Gables-based Coral Rock plans to start construction in the first quarter on the eight-story, 227-unit Dulce Vida apartment building on a 1.3-acre site at 1785 Northwest 35th Street,[...]

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CLIENT NEWS: Miami Beach gives green light to controversial Peebles, Sternlicht office projects near Lincoln Road

June 24, 2022

Controversial proposals to build offices in Miami Beach near the city’s famous Lincoln Road passed another hurdle on Wednesday. The Miami Beach City Commission voted 5-1 to approve a slew of items needed for the proposals to proceed. Vice Mayor Kristen Rosen Gonzalez cast the sole dissenting vote after hours of heated debate with the rest of the elected officials. Two development groups – one led by Don Peebles and the other by Integra Investments and including Barry Sternlicht as[...]

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CLIENT NEWS: Preservation board approves NY developers’ South Beach office project

June 22, 2022

Developers Sumaida + Khurana and Bizzi & Partners can move forward with their Miami Beach office project after receiving the green light from the city’s historic preservation board. The joint venture between the two New York-based firms is planning a five-story office building with 3,125 square feet of ground-floor retail on two vacant lots at 944 Fifth Street and 411 Michigan Avenue. The building, designed by Spanish architect Alberto Campo Baeza, will also feature mechanical parking lifts. On Tuesday, the[...]

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CLIENT NEWS: Photos: Artistic Murals Installed at 189-Unit Apartment Project on Former Wynwood Yard Site

June 22, 2022

The apartment complex that replaced Wynwood Yard has had artistic murals installed. The project is known as Wynwood Green, and topped off at 11-stories. According to a 2019 utilities agreement, it will include: 189 apartments 6,043 square feet of retail 9,829 square feet of full service restaurant The parking garage will have 324 spaces. An affiliate of Lennar is the developer. Dorsky + Yue is the architect. Published on June 15, 2022 on TheNextMiami.com

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CLIENT NEWS: Foundation, Basement Nearly Complete At 64-Story 1 Southside Park, Vertical Construction Soon

June 22, 2022

The developer of Brickell’s massive 1 Southside Park has announced that the project will soon begin vertical construction. JDS Development Group said in a press release that it had secured an acquisition and construction bridge loan of $86 million, allowing the development to move forward. The project is now finishing up foundation work, “with deep soil mixing operations and the two-level basement complete,” the release said. “We look forward to going vertical in the near future,” said Michael Stern, Founder[...]

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CLIENT NEWS: Developer Secures $86M to Build 64-story Tower in Brickell

June 16, 2022

JDS Development Group has obtained an $86 million construction loan to help it start work on a 64-story mixed-use tower in Miami’s Brickell Financial District. Maxim Capital Group provided the mortgage to 191 SW 12 Owner LLC, an affiliate of New York-based JDS Development, by assuming a $43 million land acquisition loan and doubling it to $86 million, while carrying a lower interest rate. The “bridge construction loan” will support the initial work on the project, which is currently undergoing[...]

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