Utility Work Begins At Edgewater Apartment Complex After Construction Loan Issued

Site work is underway at the Biscayne 27 apartment complex at 2701 Biscayne Boulevard in Edgewater.

Developer The Richman Group obtained a $58.6m mortgage from Bank of America, in a deal recorded on April 24.

On the same day, a Notice of Commencement was filed that the developer would begin work on the 330 unit project.

The Richman Group says that they are the nation’s 7th largest owner of apartment units.

 

utility work as of last week: