Related , Integra Score $527M Loan for St . Regis Brickell ##

The project, located in the heart of Brickell, is expected to be completed in 2025. The project will feature 120 luxury residences, ranging from studios to four-bedroom units, with prices starting at $1.5 million. The project is expected to generate significant revenue for the Related Group and Integra Investments, given its location in a high-demand area and the high-end nature of the project. The financing package includes a $400 million construction loan and a $127 million mezzanine loan.

Summary of the condo project:

• Related and Integra partnered on a condo project in 2021.
• Initially planned as two 46-story towers with 330 units.
• Downsized the project in 2023.
• Raised prices for the units.
• Projected sellout exceeding $1 billion.