Aria on the Bay Bags $95M Construction Loan

Melo Group obtained a $95M construction loan from Ocean Bank for Aria on the Bay, a condo tower in Miami’s Arts & Entertainment District. Site development work recently started on the 647-unit project at 1770 N Bayshore Dr, and vertical construction should begin next month. Ocean Bank was repped by Holland & Knight attorneys Joe Dewey, Elena Otero and Brent Holland. The 53-story tower will be complete in 2017. [SFBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's South Florida Newsletters
Related Stories

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

Kast Construction Names New CEO: The South Florida Deal Sheet

Golden Apartment Building Sells For $62M To Chicago Company

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

Broward Lures Office Tenants Away From Miami-Dade

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

Gencom-Led Partnership Acquires InterContinental Hotel In Downtown Miami

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs