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Despite lending slowdown, this Miami condo project landed a $58.5M construction loan

05.08.2020 – 57ocean

Miami Herald Article by Rebecca San Juan Backing for new projects has slowed as lenders take stock of the post-COVID economy. But the 57 Ocean project in Miami Beach is full ahead, thanks to a $58.5 million construction secured from Bank OZK, said developer Marcelo Kingston, managing partner of MultiplanREAM. “Bank OZK is pleased to be financing the final phases of 57 Ocean’s construction and…

New luxury condo 57 Ocean in Miami Beach nears 50% in pre-sales

01.23.2020 – 57ocean

January 15, 2020 The rendition above shows the latest condo tower gracing a waterfront slice of Mid-Beach. What’s the trendy real estate neighborhood drawing millionaires? Mid-Beach. The 18-story luxury condominium tower 57 Ocean at 5757 Collins Ave. is close to selling half of its 71 units since sales started in October 2018. According to Nirka Burns Padilla, a broker with Fortune International Group and director…

There’s a surplus of luxury condos in Miami, but three more developers are building anyway

06.25.2019 – 57ocean

Article Courtesy of The Miami Herald Sea level rise? No worries. Sluggish sales in the luxury market? Not a problem. Strict requirements for construction loans and traditional bank financing? There are other ways to buy a condo. High-end real estate development has slowed to a crawl in Miami-Dade, with most builders taking a breath while the market absorbs a bounty of condos priced at $1…

Brazilian developer redesigns Miami Beach condo to include more luxury units

06.24.2019 – 57ocean

Article Courtesy of The Real Deal The developer of a boutique luxury condo project in Miami Beach is adding units based on increased demand, a rarity during a condo market slowdown. Multiplan Real Estate Management is adding 10 “sky residences” to 57 Ocean, now a 71-unit development planned for 5775 Collins Avenue, managing partner Marcelo Kingston said. That brings the number of sky residences to…

Multiplan Unveils 57 Ocean On Miami Beach’s Millionaire’s Row

10.22.2018 – admin

The exclusive, boutique oceanfront condominium will uniquely embrace wellness and a focus on indoor-outdoor living MIAMI, FL (Oct. 22, 2018) – Multiplan Real Estate Asset Management – led by José Isaac Peres, the internationally recognized Brazilian developer and owner of major residential and commercial real estate holdings -- today announced the launch of sales for 57 Ocean, an 18-story, high-end boutique residential building located at…

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