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Wednesday, September 4, 2024

Miami’s St. Regis Condo Project Lands $527 Million in Financing

 

  • Elliott-backed Tyko Capital provides tower’s construction loan
  • More than 60% of the project’s 152 units have found buyers

South Florida developers Related Group and Integra Investments landed a $527 million loan to build luxury condos in Miami.

Tyko Capital, which is backed by Elliott Investment Management, is providing the construction loan for the 50-story St. Regis Residences, located in Miami’s South Brickell neighborhood, according to a statement. The tower will have 152 condos ranging from two to six bedrooms.

https://www.bloomberg.com/news/articles/2024-09-04/miami-s-st-regis-condo-project-lands-527-million-in-financing

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