$97 million construction loan secured for Sunny Isles Beach towers

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Brunetti Organization has secured a $97 million construction loan for two 17-story residential towers in Sunny Isles Beach, just north of Miami.

Las Marinas Apartments will offer a total of 256 units and a parking space. It is located on an 8.6-acre site at 100 Kings Point Drive.

The loan will also be used to renovate an adjacent existing 336-unit, 16-story tower called Marina del Mar as well as for the construction of an eight-story, 860-space parking garage and a new seawall.

Construction is set to begin in July and will take about two years to complete.

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