400 Biscayne has secured a $161.5 million construction loan for the 49 story tower in Downtown Miami, according to The Miami Herald.
Developed by Property Markets Group and Greybrook Realty Partners, 400 Biscayne had the groundbreaking in June.
400 Biscayne will have 646 rental apartments and 51,000 square feet of commercial space.
At the end of last month, the 43 story Luma Miami Worldcenter had its foundation pour and is in the process of going vertical. Last month two cranes were installed on the site.
Luma Miami Worldcenter is the third tower in 27 acre Miami Worldcenter site to go vertical. Caoba Miami Worldcenter was completed early this year and Paramount Miami Worldcenter was recently completed.
With 434 apartment units, Luma Miami Worldcenter is being developed by ZOM Living and Moinian Group and designed by Stantec.
After starting construction in May, a crane has been installed at the 43 story tower site Luma Miami Worldcenter.
Luma Miami Worldcenter is being developed by ZOM Living and Moinian Group and designed by Stantec.
The rental building will have 434 units.
The 24 story apartment Maizon at Brickell in West Brickell is almost completed and soon to open.
The ZOM Living developed building will have 262 rental units.
Previous construction photos of Maizon at Brickell can be viewed here.