A 0.7-acre development site located at 8800 Collins Avenue in Surfside is the focal point of a recent transaction, involving a construction loan of $30,500,000. This property will house the 24-unit Surf Row condos, which feature 1–3 bedroom units starting at $1.4 million. The project will also include amenities such as a rooftop pool and spa, with completion expected in 2027.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,500,000
• Address: 8800 Collins Avenue
• Market: Surfside
• Lender: Maxim Capital Group
• Landlord: Diego Bonet & Alejandro Bonet - LD&D; Daniel de la Vega - One Capital
• Note: LD&D and One Capital secured the loan for the Surf Row condos project, relaunching with smaller units and lower prices.

The deal involves key individuals Diego Bonet, Alejandro Bonet, and Daniel de la Vega, who lead the development efforts for this project. Their collaborative efforts are set to rejuvenate the Surfside market with this new offering, highlighting a strategic approach to the housing needs in the area.