The project, located in the heart of Brickell, is expected to be completed in 2025. The project will feature 120 luxury residences, ranging from studios to four-bedroom units, with prices starting at $1.5 million. The project is expected to generate significant revenue for the Related Group and Integra Investments, given its location in a high-demand area and the high-end nature of the project. The financing package includes a $400 million construction loan and a $127 million mezzanine loan.
**Summary of the condo project:**
* Related and Integra partnered on a condo project in 2021. * Initially planned as two 46-story towers with 330 units. * Downsized the project in 2023. * Raised prices for the units. * Projected sellout exceeding $1 billion.
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