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Smart Brickell rendering

MIAMI—South Florida-based developer Habitat Group has secured a $24 million loan for the construction of Smart Brickell’s Tower 1 from Ocean Bank. Sitting on the 1.23-acre development area, Smart Brickell is a three-tower master project in West Brickell, focusing on three key elements: smart use, smart design and smart tech. Once complete, the mixed-use Tower 1 will hold 50 hotel rooms and 50 condos. Santiago Vanegas, founder, CEO and president of Habitat Group, along with Valentina Perez-Cea, the development director at Habitat Group, led the closing of this construction loan. Smart Brickell Tower 1 is slated for completion in 2021.

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