The national developer PMG, Michael Simkins' Lion Development Group and Marc Roberts Companies have received a construction financing of $ 215 million for $ 38 West Eleventh Residences Miami, a 44-story, 659-residence apartment in Miamis Park West neighborhood. This property is increasing in 38 Northwest 11th Street and currently selling 99%. It offers fully furnished luxury residences as well as short -term rental flexibility and the opportunity for owners to enjoy the opportunity to organize guests on Airbnb*365 days a year. The financing was provided by Goldentree Asset Management. PMG Residential is exclusively the sale for 38 West Eleventh Residences Miami. John Moriarity & Associates is the general contractor behind the project, which was completed in the first quarter of 2028.
Josh Winefsky, Adrian Diaz and Celeste Williams by Kramer Levin Naftalis & Frankel LLP served as a senior transaction consultant. Randy Barcelo at Stearn's Weaver Miller Weissler Alhadeff & Sitterson, PA, served as a local lawyer. Javier Avino and Andres Rivero am Bilzin Sumberg Baena Price & Axelrod LLP served as land use consultants, and Evan Wagowski in Greenberg, Trager & Herbst, LLP served as a building consultant.
“The Park West district is growing and we are happy to have Goldentrees support to put 38 west eleventh residences in the foreground,” said Ryan Shear, managing partner at PMG. “With its dynamic energy and its robust sales dynamics, this project is well positioned in order to have a positive impact on the real estate market of Miami. Together with our partners and our outstanding capital markets and legal teams, which from Lowell Plotkin, Scott Buscemi, Jon Blank, Andrew Warman and Paton Marion, acting, the future advancement and the future ascent and future, from future ascent and future advancement and the future, from the future advancement and the future, from future advancement and future, from future advancement.