The Shore Club Residences in Miami Beach Lands $430M Construction Loan

 
In a groundbreaking deal, The Shore Club Residences at 1901 Collins Avenue in Miami Beach has landed an incredibly difficult construction loan for their new waterfront super-luxury tower.

The financing is provided by JPMorgan, according to a press release, and is valued at $430 million based upon developer reputations, buyer liquidity and sales.

This is monumental as construction loans are incredibly tricky, especially as economy confidence wanes. This is further proof Miami’s unique blend of waterfront properties with superior designs and offerings, sweeping views and the lifestyle of luxury remains in-demand with the global elite.

Rendering of The Shore Club Residences Terrace View

With two thirds of the residences already in contract since sales began in early 2023, the 18-story development will be part of the Auberge Collection. Each of the 49 residences is completely unique. In the Shore Club Private Collection, there will be 44 condominium units along with a boutique hotel.

Four of the properties are also one-of-a-kind as they are situated in the nearby Cromwell House and one is a more private stand-alone beach house.

The 1939-built home whose complete renovation is also designed by RAMSA (Robert A.M. Stern Architecture) in collaboration with Miami-Based Kobi Karp Architecture. The remaining two will be penthouses, with details coming soon.

Prices are placed between $6M-$40M and average at $20M. This works out to $5,000-per-foot, which will solidify buyers’ position in the new Billionaire’s Row of Miami Beach.

Douglas Elliman is the exclusive broker for The Shore Club Private Collection. If you are interested in an invitation to consider this project, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. 

Image credit: The Boundary

Rendering of Shore Club Private Residences Miami Beach Architecture

Rendering of Shore Club Private Residences Miami Beach Collins

Rendering of Shore Club Private Residences Miami Beach

Rendering of Shore Club Private Residences Miami Beach Location

Rendering of The Shore Club Residences Kitchen

Rendering of Shore Club Private Residences Miami Beach Kitchen

Rendering of The Shore Club Residences Primary Bathroom