New York developer pitches Fort Lauderdale’s tallest tower at 645 feet
Fort Lauderdale’s skyline could soon have a new king. New York-based NE 2nd Holdings, managed by Alexander Lichtman of Arosa Developers, has filed plans for what would be the tallest building in Fort Lauderdale, the South Florida Business Journal reported. The proposal for the 0.7-acre site at 117
Fortune, Château score $463M loan for St. Regis Sunny Isles
Edgardo Defortuna’s Fortune International Group and the Grosskopf family’s Château Group secured a $463 million loan package for the St. Regis Residences, Sunny Isles Beach, marking one of the largest loans to close in the beachfront city. Madison Realty Capital is providing the financing, accordin
Developers snap up multifamily sites despite higher costs, overbuilding
A pair of developers scooped up two separate multifamily project sites, as South Florida construction costs stay elevated and the region has barely emerged from years of oversupply in the rental market. In the bigger deal, an affiliate of Brickell-based North Development paid $32.8 million for the
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