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Holland & Knight partner Elena Otero represented Ocean Bank executive vice president and chief lending officer Ralph Gonzalez-Jacobo and senior vice president and corporate lending group manager Federico Tunnermann. Holland & Knight partner Elena Otero represented Ocean Bank executive vice president and chief lending officer Ralph Gonzalez-Jacobo and senior vice president and corporate lending group manager Federico Tunnermann. Courtesy photos

An apartment mid-rise building secured a $70 million construction loan, bringing it closer to rising in a Miami area poised for growth and development.

Esplanade will be an eight-story, 402-unit multifamily tower on 5.8 acres that are vacant at 11150 Biscayne Blvd. It’s an unincorporated Miami-Dade County pocket north of Miami Shores, east of Biscayne Park and south of North Miami.

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