Developers Secure $220 Million Predevelopment Loan For Oceanfront Condominium Project In Key Biscayne

Terra and Fortune International Group have secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies (BREDS) for a planned oceanfront condominium development at 301 Ocean Drive in Key Biscayne, Florida. The project is planned for the 4.25-acre former Silver Sands Beach Resort property, which the developers acquired for $205 million in 2025. Touzet Studio and ODP are designing the development, which will feature tropical-modern architecture, expansive residences, and landscaped outdoor spaces.

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Developers Secure $463 Million Financing To Advance The St. Regis Residences, Sunny Isles Beach

Developers have secured $463 million in financing for The St. Regis Residences, Sunny Isles Beach, Miami, a two-tower oceanfront condominium development under construction at 18801 Collins Avenue in Sunny Isles Beach. Fortune International Group and Château Group obtained the financing from Madison Realty Capital, with proceeds refinancing existing debt from Bank OZK while providing additional capital for continued construction of the 62-story South Tower.

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