54-Story SLS Brickell (Already Underway) Gets $157M Construction Financing

Related Group and sbe Hotel Group have obtained a $157 million construction loan for SLS Brickell.

Financing was arranged by HFF, led by Manuel de Zárraga, Max Comess and Scott Wadler. Canyon Capital Realty Advisors provided the loan.

SLS Brickell will include 453 condominium units and 124 hotel rooms in a 54-story tower, which is already under construction. Michael Schwartz and Jose Andres will run restaurants on the ground floor of the property.

Canyon Capital also recently provided construction financing for Echo Brickell, and a loan to BrickellHouse is now being paid down as closings are underway.

 

 

Construction progress from August: