One of the developers of the Marina Palms Yacht Club & Residences in North Miami Beach said the first phase of the project is now fully capitalized.
November 14, 2013 at 11:00 PM
1 minute read
One of the largest condominium projects under construction in South Florida announced a $98 million infusion of cash from a lender Thursday. That amount fully capitalizes the first phase of the project, one of the developers involved in the transaction told the Daily Business Review.
That developer, Devstar LLC, will now turn to the second phase of the project on the foreclosed Marina Grande site in North Miami Beach, one of the failures of the housing collapse.
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