The Broadstone at Brickell apartment tower is about to commence construction thanks to a $74.9 million loan from JPMorgan Chase Bank.
Broadstone at Brickell LLC, an affiliate of Alliance Residential out of Phoenix, obtained the mortgage from the New York-based bank (NYSE: JPM) for the 1.9-acre site at Southwest Third Avenue and Southwest 11th Street. The developer acquired the property for $20.2 million in 2014.
The 372-unit tower will rise 24 stories and include a 520-space parking garage.
Story by: Brian Bandell – Feb 12, 2015, 1:53pm EST
Photo Courtesy: Scott Bridges