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City of Sunrise Approves Metropica Community Development District for 263-Unit Highly Amenitized Luxury Condominium Project

SUNRISE, FL - Metropica announced that The City of Sunrise City Commission, at a recent meeting, passed and adopted to establish the Metropica Community Development District (MCDD).
The approval will permit the MCDD to obtain through the issuance of bond financing the funds to deliver community development services and facilities to the approximately 50-acres included in the geographic boundaries served by the MCDD.
The facilities will be comprised of infrastructure improvements and services. ....

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Joseph Kavana Seeking Equity Partner to Complete Metropica for $250M

Metropica is a mega-development in western Broward County that has struggled to get off the ground. ....

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Madison Realty Capital Provides $30 Million Inventory Loan for Two Luxury Condominiums at Metropica in Sunrise, Florida

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NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $30 million first mortgage loan to Metropica Development for a luxury condominium tower and a ten-acre development site, which includes plans to develop a second 250-unit multifamily tower. The portfolio is part of Metropica, a four million-square-foot master planned community comprised of luxury residences, modern office towers and high-end retail offerings located in Sunrise, Florida.
Metropica Development, led by Joseph Kavana, began construction of the first 263-unit luxury condominium tower in 2017 and has sold 174 units to date. Madison s loan will be used to support 89 units, representing 101,989 square feet on the upper floors of the first condominium tower as well as the adjacent 250-unit second condominium tower. In addition to the first tower, the Metropica ma ....

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Madison Realty Capital Provides $30 Million Inventory Loan for Two Luxury Condominiums at Metropica in Sunrise, Florida - News Makers

Madison Realty Capital Provides $30 Million Inventory Loan for Two Luxury Condominiums at Metropica in Sunrise, Florida
NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $30 million first mortgage loan to Metropica Development for a luxury condominium tower and a ten-acre development site, which includes plans to develop a second 250-unit multifamily tower. The portfolio is part of Metropica, a four million-square-foot master planned community comprised of luxury residences, modern office towers and high-end retail offerings located in Sunrise, Florida.
Metropica Development, led by Joseph Kavana, began construction of the first 263-unit luxury condominium tower in 2017 and has sold 174 units to date. Madison’s loan will be used to support 89 units, representing 101,989 square feet on the upper floors of the first condomi ....

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Madison Realty Capital Provides $30 Million Inventory Loan for Two Luxury Condominiums at Metropica in Sunrise, Florida | Comunicados | Edición USA

Madison Realty Capital Provides $30 Million Inventory Loan for Two Luxury Condominiums at Metropica in Sunrise, Florida | Comunicados | Edición USA
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