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A penthouse unit at Monad Terrace is currently under contract for $2,700-per-square-foot. A penthouse unit at Monad Terrace is currently under contract for $2,700-per-square-foot.

MIAMI—New York City-based developer JDS Development Group has closed on a $137-millon construction loan for its Monad Terrace luxury waterfront project currently under construction here in Miami Beach.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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