A construction loan has been obtained for a 24-story Bal Harbour condo tower.
Rivage Residences Bal Harbour broke ground in September.
Developers Related Group, Rockpoint and Two Roads Development announced today that they have secured a $424 million construction loan from TYKO Capital.
Just 56 condos are planned, with units ranging from 3,300 to nearly 13,000 square feet.
More than $100 million in sales have been closed over the past 60 days alone.
Award-winning architects Skidmore, Owings & Merrill (SOM) and interior design firm Rottet Studio are designing Rivage.
(Images: ARX Creative)