Construction Loan Secured For Cora Merrick Park At 4241 Aurora Street In Coral Gables

Constellation Group and The Boschetti Group have secured a $67.5 million construction loan for Cora Merrick Park, a 13-story condominium development currently under construction at 4241 Aurora Street in Coral Gables. Designed by Arquitectonica with interiors by Urban Robot and Winmar Construction serving as general contractor, the project will yield 74 residences upon completion in 2028. BHI provided the financing, which was arranged by a Berkadia Miami team led by Scott Wadler and Matt Nihan.

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PORT 32 Palm Beach Gardens Tops Out At 2385 PGA Boulevard

Construction has topped out on PORT 32 Palm Beach Gardens, a ground-up marina redevelopment at 2385 PGA Boulevard in Palm Beach Gardens. Developed by PORT 32 Marinas, LLC and constructed by Miller Construction Company, the project reached structural completion on June 4 with a topping out ceremony marking the completion of all three buildings. The state-of-the-art marina is expected to open in December 2026.

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Rezoning Sought For 1,000-Key Expansion Of Hilton Miami Airport Blue Lagoon At 5101 Blue Lagoon Drive

Miami-Dade County is reviewing plans for a major expansion of the Hilton Miami Airport Blue Lagoon at 5101 Blue Lagoon Drive in Miami. Submitted by M2 Miami Airport Blue Lagoon LLC, an affiliate of New York-based hotel owner and operator MCR, the proposal would add 1,000 hotel rooms across two new 14-story buildings on the property’s 20.6-acre waterfront site overlooking Blue Lagoon. Designed by Behar Font & Partners with landscape architecture by Walk Landscape Architecture and Urban Design, the project would increase the property’s total room count to 1,508 keys while replacing existing surface parking with new hotel buildings and structured parking facilities.

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