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Berkadia Secures $172M Loan for Miami Highrise Condos – Connect CRE

by | Mar 27, 2024 | 0 comments

Berkadia arranged construction financing for ONE Park Tower by Turnberry, Turnberry’s 292-unit condominium tower in the heart of the SoLé Mia master development in North Miami. Scott Wadler led a Berkadia team that secured a $172 million loan from Bank OZK on behalf of the developer Turnberry.

ONE Park Tower by Turnberry is a 33-story property offering one-, two-, and three-bedroom units, plus a collection of penthouses and floorplans. The condos will range from about 900 square feet to 2,100 square feet. Arquitectonica designed the building.

ONE Park Tower by Turnberry features amenities including a beach club, a fitness center, a social deck, men’s and women’s spas, concierge service, and more.

The property is located directly along the shore of the community’s 7-acre Crystal Lagoon, with unobstructed panoramic views of Oleta River State Park, Biscayne Bay, and the Miami skyline.

The remaining units start at $800,000, with expected completion slated for Summer 2026. 

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