News of Our North Tower Construction Loan is Making Headlines

See More Media Coverage of What’s Happening at Marina Palms

The media is buzzing following last week’s announcement of our Marina Palms North Tower construction loan closing. See what the press has to say and read the latest news by visiting the links listed below:

“HSBC Bank USA provided the loan to the developer, a partnership between The Plaza Group and DevStar Group. Marina Palms plans include 468 condos in twin 25-story buildings. Construction of the north tower began in September. Those units are already sold out, according to the developer.

The developer is launching unit sales for the south tower later this month, with prices averaging $550 per square foot. Those condos are expected to sell out by the end of next year, DevStar principal Anthony Burns said in the company’s statement announcing the construction financing.”

The Real Deal, Miami

 

Read More:

South Florida Business Journal Daily Business Review
Globe St. The Real Deal: Miami
Digital Journal RE Business Online

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About Marina Palms:

Marina Palms, a project being developed by affiliates of The Plaza Group and The DevStar Group, is comprised of two towers, each 25 stories tall, with a total of 468 units. A full-service yacht club and marina will feature 112 boat slips for yachts up to 90 feet. Marina Palms is the first Miami luxury real estate development with full-service marina/yacht club to be built in Miami-Dade in the past 20 years.

Located at 172nd Street and Biscayne Boulevard in North Miami Beach, Marina Palms Yacht Club & Residences will offer amenity-rich living, unparalleled services and a boating lifestyle designed for yachting enthusiasts. With one million sq. ft. of livable space fronting a waterfront promenade, the residential development will entice any buyer in search of luxury waterfront living.

Every two-, three- and four-bedroom Miami condos and penthouse in the two-tower Miami waterfront development will offer luxury amenities such as butler service, infinity-edge pool and hot tub, a state-of-the-art gym, a spa with treatment rooms, a sauna, a steam room and workout studios, a news café, club room with bar, billiard table and 100” plus TV, children’s playroom and teen lounge and secure, gated access with 24-7 valet service.