53-Story Miami World Tower, 44-Story Lofty Brickell Get $320M In Construction Loans

Two more Miami towers were just awarded construction financing, according to The Real Deal.

One of the loans was issued to Miami World Tower 1, for a total of $150 million in construction financing.

Miami World Tower 1 is already several stories out of the ground with a planned top off height of 53 stories. It will have 565 apartments.

Another loan was issued to the developer of Lofty Brickell. Demolition is now underway at the site.

Lofty Brickell is planned to rise 44 stories and include 364 units.

The developer of Lofty said this week that groundbreaking is planned in Q4, with 80% of units now sold.

The Lofty site will eventually have three towers. An additional tower is also planned at the Miami World Towers site.

 

Construction at Miami World Tower yesterday:

Demolition at Lofty Brickell yesterday:

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Anonymous
4 months ago

I find the entrepreneurship of civil construction in Miami admirable. The possible recession, which has been worrying many people around the world, does not seem to have arrived here.

Anonymous
4 months ago

With the instability in South America we can expect more investment to help fuel growth in miami

Anonymous
4 months ago

With the instability in the WH and their blue state lackeys, we expect more investment to help counteract the recession.

Anonymous
4 months ago

You mean, a recession like the one that happened when instability in the WH from 2004 to 2007 was caused by their red state lackeys?

Anonymous
4 months ago

there’s been instability in latin america for decades though

Anonymous
4 months ago

Towers towering everywhere 😁

Azarius
4 months ago

That the first time I’m hearing Lofty will be 3 towers

Anonymous
4 months ago

I could be wrong but I think this one is just the one tower. The development on the river by I95 will eventually be 3 towers.

Hawk
4 months ago

Nexus i think its called.

Anonymous
4 months ago

No. Nexus will be on the other side of the river, on the north side. Also it will be along the west side of SW 2nd Ave. Lofty is on the south side of the river and a little further east.

Anonymous
4 months ago

No lofty development is 3 towers. The development next to 95 by Chetrit group is 4 towers

Melo is sigma and chad
4 months ago

Awesome additions to the City.

Anonymous
4 months ago

More units, more units, keep it going!!

Anonymous
4 months ago

Another missing piece added to the Riverwalk soon very exciting!

Kurt Cobaine
4 months ago

Is it unusual to get a construction loan after construction has already started? Re: WorldTower

Anonymous
4 months ago

Tail wagging the dog…why not?!

Anonymous
4 months ago

No, it happens all the time.

Anonymous
4 months ago

Brickell Winning.

Anonymous
4 months ago

You know, these developers really need to cut it out with the plants everywhere on these towers.

Anonymous
4 months ago

No, more plants and better architecture, and less irregular and juxtaposed balconies, loud murals covering design flaws, and cereal box architecture.

Anonymous
4 months ago

Right now, I’ll take the towers that don’t show trees 500 ft in the air in renderings.

Anonymous
4 months ago

Live in a desert or Russia if you want no greenery

Anonymous
4 months ago

^
And if you wanna live in it, go live in the Everglades… trust me, you”ll be surrounded by miles and miles and miles of it.