Two Roads Development and DW Partners to break ground on Elysee condo in Miami Edgewater – South Florida Business Journal

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3/15/2019 Forte condo by Two Roads Development, Alpha Blue Ventures approved in West Palm Beach – South Florida Business Journal. Two Roads Development is also co-developing the Elysee condo in Miami’s Edgewater. It previously built Biscayne Beach there. Brian Bandell

Two Roads Development just secured a $138 million construction loan from JPMorgan Chase for its 57-story luxury condo tower Elysee in Miami’s East Edgewater neighborhood. The developer has secured nearly 50 percent in presales, gaining equal interest from both foreign and domestic buyers.

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Two Roads Development just closed on $16.5 million in financing for Elysee Miami, a luxury condo tower planned in Miami’s Edgewater neighborhood. Mosaic Real Estate Credit, a Calabasas.

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This project is being developed by 700 Miami Partners LLC, a Delaware limited liability company ("Developer"), which was formed solely for such purpose. Two Roads Development LLC, a Florida limited liability company ("Two Roads"), is affiliated with this entity, but is not the developer of this project.

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The Elysee condo, which will be the tallest tower in Miami’s booming Edgewater neighborhood, will break ground on Dec. 13. The ground breaking ceremony by Two Roads Development and DW Partners.

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South Florida-based Two Roads Development has officially broken ground on Elysee, marking the rise of newest luxury condominium tower in East Edgewater. The announcement comes on the heels of last year’s delivery of Biscayne Beach, Two Roads Development’s first East Edgewater luxury condominium project. Read More

South Florida-based Two Roads Development closed on the $22 million purchase of the 700 NE 23rd St. site in January. DW Commercial Finance LLC and other entities managed by DW Partners, LP (DW) provided financing for the acquisition. Two Roads said it expects to break ground on Elysee Miami by the second quarter of this year and finish in 2018.