Months into the work, a $163 million construction loan will fuel more activity at the Ritz-Carlton Residences in Sunny Isles Beach.
Miami developer Fortune International Group and the Chateau Group in Hallandale Beach nabbed the money for the 212-unit tower rising on a beachfront lot at 15701 Collins Ave. The developers used Sunny Isles Property Venture LLC to secure the financing from the Bank of the Ozarks in Arkansas.
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