On December 28, just in time to give a lot of people a VERY happy New Years, Jade Ocean was able to secure a $288 Million construction loan. The loan was brokered by Manny de Zarraga of Holliday Fenoglio Fowler and was touted as an example of the "continued strength of higher-end, luxury oceanfront projects." The finanacing was reported to be relatively easy to attain, in a market where this is becoming more and more difficult to accomplish. The success was boosted by the fact that 90% of the units have already been sold, all at prices north of $1 Million.
The project follows in the footstops of the already famous Jade in Miami's Brickell neighborhood. Jade Ocean is the true definition of luxury with unrivaled amenities and quality of life enhancements. From the futuristic-nautical shape of the tower to the cascading waterfalls and services at the touch of a finger, Jade Ocean is going to set the standard for opulent ocean front living on Miami Beach for a long time!
You can view the full details of the project at by clicking here.
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