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Miami Apartment Developer Taps Goldman Sachs for $115M Construction Loan – Connect CRE

by | Nov 16, 2023 | 0 comments


When traditional lending options dry up, it’s good to have contacts with one of the world’s biggest investment banking firms. Developer Codina Partners has tapped Goldman Sachs to secure a $115 million construction for a Coral Gables apartment project. The S. Florida Business Journal reports Codina contributed $75 million in equity into the Regency Parc project.

Located on the 1.75-acre site at 2601 Salzedo St., the 18-story Regency Parc will feature 122 apartments, two guest suites for people visiting residents and a 5,500-square-foot space for a restaurant. The standard apartments range from 1,768 square feet with two bedrooms to 3,635 square feet with three bedrooms, but there are even larger units on the top floors. There are three full-floor units of 12,000 square feet each atop the building. 

Coral Gables-based Nichols Architects designed the project.

Site work on Regency Parc has started and plans are to open Christmas of 2025.

Don’t miss real-time key insights from multifamily’s leading power players from Florida, the Southeast, Mid-Atlantic and Gulf Coast! Register to attend Connect Apartments 2023 on Nov 29 in Key Biscayne, FL. Click here to register.


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