Andrew Rasken Of META Development Secures $18.5 Million Loan For Colette Residences In Miami

The asset involved is a development site located at 1880 Brickell Avenue, Miami, consisting of 0.8 acres. Meta Development secured a loan amount of $18.5 million to facilitate pre-development work for the planned Colette Residences condo project, which will feature 38 luxury units with prices starting at $3.3 million and is anticipated for completion in 2028.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,500,000
• Address: 1880 Brickell Avenue
• Market: Miami
• Landlord: Andrew Rasken - META Development
• Lender: BridgeCity Capital

Andrew Rasken represents META Development in this transaction. The project is part of a larger expansion effort by the firm in Miami, which includes the ongoing construction of the Opus condo project in Coconut Grove.