- Posted by admin
- On March 16, 2016
- 0 Comments
Florida Community Bank provided a $16.2 million construction loan to build an apartment complex in the Naranja area of southern Miami-Dade County.
The Heights at Coral Town Park, owned by Carlos Herrera Jr. and Maurice Cayon in Miami Lakes, secured the mortgage from the Weston-based bank (NYSE: FCB). They recently received county approval to build 180 apartments.
The three-story complex will be located on the 5.37-acre site at 26515 S.W. 145th Avenue Road, which is along Southwest Moody Drive and east of U.S. 1. Sotolongo Salman Henderson Architects designed the Heights at Coral Town Park.
The same developers have a pending application to build the 84-unit Preserve at Coral Town Park on a neighboring site.