A partnership led by Gencom and Miami-based White Bridge Capital has acquired the 34-story, 652-key InterContinental Miami at 100 Chopin Plaza in Downtown Miami. The waterfront hotel stands at the confluence of the Miami River and Biscayne Bay, immediately south of Bayfront Park and near Miami’s Central Business District and Brickell.
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Kolter Urban has topped out on a 24-story luxury development in Lee County.
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.
Construction is underway on a residential community in Central Florida.
Greystar has opened the clubhouse and completed the amenity spaces at Melina Sarasota, a 336-unit garden-style rental community at 2252 Kendrick Circle in southern Manatee County. Located near Sarasota-Bradenton International Airport, the four-story development is now open for tours and move-ins.
