New Construction – This 40 story oceanfront property is nearing completion and will begin closings soon. With a total of 200 luxury residences (all with private elevator entrances), the property is centrally located between Miami and Ft. Lauderdale. Unit sizes range from 2,070 sq ft to more than 4,350 sq ft and the property includes a 9,000 sq ft penthouse unit on the 40th floor. The unit mix includes two, three and five bedroom units. Pre-construction prices began at $1.5MM to more than $4MM. The loan is in excess of $226MM.