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| Val McWilliams |
MIAMI, FL -- JLL Capital Markets has secured the $55.7 million construction financing for La Maré, a planned 33-unit ultra-luxury boutique condominium development in Bay Harbor Islands, Florida, part of the greater Miami MSA.
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| La Maré, a planned 33-unit ultra-luxury boutique condominium development in Bay Harbor Islands, Florida |
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| Trent Niederberger |
La Maré – The Regency Collection, situated at 9927 East Bay Harbor Dr. in the exclusive Bay Harbor Islands, offers a prime waterfront location along Biscayne Bay, designed with some of the largest and most luxurious units available in Bay Harbor Islands. The community is minutes from the Bal Harbour Shops and Surfside Beach.
Bay Harbor Islands is an affluent community located in Miami-Dade
County, Florida. With a population of approximately 5,900 residents, the area
boasts a median household income of $151,000, significantly higher than the
Miami average of $107,000. Single-family homes on the islands range from $4
million to $22 million, highlighting the area's exclusive real estate
market.
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| Jimmy Calvo |
Residences boasts grand ceiling heights and panoramic bay views through
floor-to-ceiling windows. Designed by Deborah Aguilar, the interiors are fitted
with Italian fixtures in kitchens and bathrooms and feature a combination of
refin porcelain and designer wood flooring. La Maré's luxurious amenities
include a rooftop infinity pool, spa facilities, a fitness center and a private
13-slip marina.
Construction is scheduled to begin in December 2024 with completion
slated for Q2 2026. The development is part of Regency Development Group's
larger presence in Bay Harbor Islands, which includes two additional planned
luxury residential projects.
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| Paul Adams |
“We are thrilled to partner with JLL and S3 Capital to bring the La Mare
Regency Collection to life. Our vision, combined with their market expertise,
will redefine the future landscape of Bay Harbor,” added Igor Michin,
Managing Partner with Regency Development Group.
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| Igor Michin |
Steven Jemal, Managing Director of Originations with S3 Capital said, “We are thrilled to support the development of La Maré Regency Collection, a project that perfectly embodies the elegance and allure of Bay Harbor Islands. This loan reflects our confidence in the sponsorship team’s expertise and the enduring demand for luxury waterfront living in Miami Metro.”
JLL Capital Markets is a full-service global provider of capital
solutions for real estate investors and occupiers. The firm's in-depth local
market and global investor knowledge delivers the best-in-class solutions for
clients — whether investment sales and advisory, debt advisory, equity advisory
or a recapitalization.
The firm has more than 3,000 Capital Markets specialists worldwide with
offices in nearly 50 countries.
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| Steven Jemal |
About Regency Development Group
Regency Development Group, a family-run international company founded in Chicago in 2004, has spent nearly two decades creating diverse, high-quality properties.
Collaborating with top architects and industry professionals,
Regency has committed to planning and building innovative spaces that people
are proud to call home. With a strong foundation of expertise and a
forward-thinking approach, Regency continues to shape the future of residential
and commercial real estate.
Contact:
Gréta Kieras,
Senior Associate,
Public Relations
Phone: +1 949 930 8498
Email: greta.kieras@jll.com
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