Trump Group scores $558 million construction loan for luxury development

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Trump Group (not related to US president Donald Trump) has secured a $558 million construction loan for The Estates at Acqualina in Sunny Isles Beach, The Real Deal has reported.

The loan will fund the completion of the two 50-story towers at 17901 Collins Ave. It will allow construction of the north tower.

Condos at the 245-unit development range from 2,917 sq. ft. to 9,000 sq. ft., and from three to seven bedrooms. The project will be open to residents in late 2020, according to a press statement.

The Estates at Acqualina will feature three single-family homes and three, two-story penthouses that will all have private pools.

The project will also include 50,000 sq. ft. of amenities including a spa and fitness center, an ice-skating rink, bowling lanes, a movie theater, golfing and Formula One simulators, children’s playroom, and a speakeasy.

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