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Prestige Scores $12M Miami Multifamily Construction Loan

Share via Shortlink Rendering of The Trail multifamily project with Prestige Companies COO Alexander Ruiz and Centennial Bank Southeast Florida Regional President J.C. de Ona Prestige Companies scored a $12.4 million construction loan for a workforce housing project to be built on the site of a former mobile home park in central Miami-Dade County. Miami Lakes-based Prestige and Miami-based Florida Value Partners are building the $17 million The Trail garden-style community at 1040 Southwest 70th Avenue, along the planned Ludlam Trail linear park, according to a press release. Conway, Arkansas-based Centennial Bank provided the loan. The financing is for the first phase, which will include two three-story buildings with 84 units on 2 acres. Construction will be completed in the first quarter of next year, according to the release. The second phase will have five three-story buildings with 230 units. It is expected to be completed in the third quarter of next year.

Hypocrites? FDP chair pressured over detention center — Trump adrift in Mar-a-Lago? — Gaetz calls on DeSantis to suspend sheriff — Hiassen s final column

Hello and welcome to Monday. The daily rundown Between Saturday and Sunday, the number of Florida coronavirus cases increased by 3,699 (nearly 0.2 percent), to 1,976,808; active hospitalizations went down by 176 (nearly 5.8 percent), to 2,868; deaths rose by 30, to 32,255; 4,204,186 Floridians have had at least one dose of a vaccine. Bumpy New Florida Democratic Party chair Manny Diaz is running into some turbulence. Into the mire The state executive committee spent up to two hours on Saturday debating how and whether to wade into a growing controversy over the Biden administration’s decision to reopen a migrant detention center in Homestead that had been used to house children. This is the same center that came under withering criticism by Democrats when the Trump administration was using it. Kamala Harris, who was as presidential candidate at the time, was among those who went to the center to lash out at Trump immigration policies.

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