New York Developers Buy Edgewater Site in Miami
SB Development and Hazelton Capital Group bought a bayfront assemblage in Miami’s Edgewater for where they plan to build a boutique residential high-rise.
Source: therealdeal.com
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SCALE funds $55M construction loan for LIC condo
Share SCALE Lending announced that it has closed on a $55 million construction loan to complete the development of The Nova in Long Island City. Being developed by SB Development, designed by Fogarty Finger and built by 1 Oak Construction, The Nova is set to be completed in June 2022. Rendering courtesy of SB Development “We have been very active in the Long Island City market over the last five years. It has maintained strong demand throughout the pandemic, and we have seen an increase in activity recently in both the rental and condominium markets,” said Martin Nussbaum, Co-Fo...
Source: rew-online.com