MIAMI—It seems there’s plenty of money going around for strong developers. Miami-based Alta Developers and Strategic Properties Group just closed on an $19 million loan to build Le Parc at Brickell.

Banco de Crédito e Inversiones Miami Branch (BCI Miami) loaned the developers the money to fund building the 12-story luxury condominium rising from the dirt at 1600 Southwest 1st Avenue in Downtown Miami’s Brickell Financial District. The developers started construction on the 128-unit project in April 2014.The project is now well underway. Completion is set for late 2015.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.