Château, Fortune score more construction debt for St. Regis Sunny Isles
ABLUpdated 1 week Ago1 Mins read21
Manuel Grosskopf’s Château Group and Edgardo Defortuna’s Fortune International Group secured an additional $113.8 million in construction financing for their planned St. Regis Residences in Sunny Isles Beach. City National Bank of Florida provided the developers the loan for the 150-unit planned north tower of the project slated for the 4.7-acre site at 18801 Collins Avenue, according to a news release. The financing follows a $200 million loan from Bank OZK in December. Bank OZK has provided the developers with $418.3 million in financing for the St. Regis project since 2020. The St. Regis is planned to have two 62-story […]
This article originally appeared on The Real Deal. Click here to read the full story.
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