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Echo Brickell Condo Project Lands $123.6 Million Loan

October 29, 2014

The Echo Brickell condo project in Miami landed a $123.6 million construction loan from Canyon Capital Realty Advisors.

Property Markets Group has plans a groundbreaking ceremony for the 180-unit project at 1451 Brickell Ave. soon. The developer said 80 percent of the units are under contract.

Condos in Echo Brickell average 1,800 square feet. Prices start at $2 million.

“Canyon Realty brings significant financial resources and asset management expertise to the project, and our firm is excited to align ourselves with such a prestigious company,” Kevin Maloney, CEO of Property Markets Group, said in a news release.

Echo Brickell was designed by YOO Studio Design and Carlos Ott.

 

Source:  SFBJ

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