Turnberry Associates has successfully secured a$259 million construction loan for Turnberry Ocean Club Residences, the ultra-luxe condo tower rising in Sunny Isles. The$259 million loan closed last Friday from Bank of the Ozarks, ranking among the largest loans in South Florida this year.
The development located at 18501 Collins Ave, broke ground last Novemberand is progressing ahead of schedule, expected to go vertical by the end of this year and completed by 2019.
Designed by architects Carlos Zapata Studios of New York and Robert Swedroe of Miami, the luxurious project, features 154- residences andhas now reached $300 million in pre-sales with more than $100 million sold this year alone. Units will range from 2,750 Sq. Ft. to 10,000 Sq. Ft and startat $3.9 million to$35 million.
Inharmony withthe value and reputation for luxury that is synonymous with the Turnberry brand, Turnberry Ocean Club Residences will havemore than 70,000 Sq. Ft. of top of the line amenities including a three-story sky club with infinity-edge swimming pools, indoor and outdoor fitness centers, 2 restaurants, 3 bars, an hydrotherapy spa, and much more.
Read moreHere.
Rising the bar for luxury to a whole new level, Turnberry Associates scored gold with a $259 million construction loan for Turnberry Ocean Club Residences, the condo tower rising in Sunny Isles. Over seven months of negotiations were necessary to finalize the $259 million loan that finally closed last Friday from Bank of the Ozarks. The financing, which has not yet cleared records, ranks among the largest loans in South Florida this year. The ongoing development located at 18501 Collins Ave, broke ground in November last year, is progressing ahead of schedule and its expected to go vertical by the end of this year and completed by the end of 2019. Designed by architects Carlos Zapata Studios of New York and Robert Swedroe of Miami, the luxurious project, 154- residences throughout a 54-story oceanfront building, has now reached $300 million in presales with more than $100 million sold this year alone. Units will range from 2,750 Sq. Ft. to 10,000 Sq. Ft and starting at $3.9 million and going all the way up to $35 million. In accordance to the value and reputation for luxury that is synonymous with the Turnberry brand, Turnberry Ocean Club will feature more than 70,000 Sq. Ft. of top of the line amenities including three-story sky club with infinity-edge swimming pools, indoor and ourdoor fitness centers, 2 restaurants, 3 bars, an hydrotherapy spa and much more.
Read more Here. Rising the bar for luxury to a whole new level, Turnberry Associates scored gold with a $259 million construction loan for Turnberry Ocean Club Residences, the condo tower rising in Sunny Isles. Over seven months of negotiations were necessary to finalize the $259 million loan that finally closed last Friday from Bank of the Ozarks. The financing, which has not yet cleared records, ranks among the largest loans in South Florida this year. The ongoing development located at 18501 Collins Ave, broke ground in November last year, is progressing ahead of schedule and its expected to go vertical by the end of this year and completed by the end of 2019. Designed by architects Carlos Zapata Studios of New York and Robert Swedroe of Miami, the luxurious project, 154- residences throughout a 54-story oceanfront building, has now reached $300 million in presales with more than $100 million sold this year alone. Units will range from 2,750 Sq. Ft. to 10,000 Sq. Ft and starting at $3.9 million and going all the way up to $35 million. In accordance to the value and reputation for luxury that is synonymous with the Turnberry brand, Turnberry Ocean Club will feature more than 70,000 Sq. Ft. of top of the line amenities including three-story sky club with infinity-edge swimming pools, indoor and ourdoor fitness centers, 2 restaurants, 3 bars, an hydrotherapy spa and much more.
Read more Here. Rising the bar for luxury to a whole new level, Turnberry Associates scored gold with a $259 million construction loan for Turnberry Ocean Club Residences, the condo tower rising in Sunny Isles. Over seven months of negotiations were necessary to finalize the $259 million loan that finally closed last Friday from Bank of the Ozarks. The financing, which has not yet cleared records, ranks among the largest loans in South Florida this year. The ongoing development located at 18501 Collins Ave, broke ground in November last year, is progressing ahead of schedule and its expected to go vertical by the end of this year and completed by the end of 2019. Designed by architects Carlos Zapata Studios of New York and Robert Swedroe of Miami, the luxurious project, 154- residences throughout a 54-story oceanfront building, has now reached $300 million in presales with more than $100 million sold this year alone. Units will range from 2,750 Sq. Ft. to 10,000 Sq. Ft and starting at $3.9 million and going all the way up to $35 million. In accordance to the value and reputation for luxury that is synonymous with the Turnberry brand, Turnberry Ocean Club will feature more than 70,000 Sq. Ft. of top of the line amenities including three-story sky club with infinity-edge swimming pools, indoor and ourdoor fitness centers, 2 restaurants, 3 bars, an hydrotherapy spa and much more.
Read more Here.
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