MIAMI BEACH, FL-Even in the midst of the current COVID-19pandemic and economic slowdowns, there is still an appetite to buymillion-dollar seaside condo units with five-star amenities.

Bank OZK, a construction lender of marquee properties, financeda $58.5 million construction loan to Multiplan Real Estate AssetManagement to complete the final stage of 57 Ocean, a 70 unit, 18story ultra-luxury condominium overlooking the Atlantic Ocean onMiami Beach's Millionaires Row. The deal was arranged by JLL . 57Ocean, designed by architect Bernardo Fort-Brescia ofARQUITECTONICA, with interiors by Brazilian designer PatriciaAnastassiadis of Anastassiadis Arquitetos, will offer two tofour-bedroom residences and ranging from 1,200-3,600+ square feetstarting at $1.5 million. In addition, luxury sky residences, atthe property, will start at $6.95 million and a penthouse unit ispriced at $35 million.