Alta Developers breaks ground on Dadeland apartments with $60.66M loan

Alta Developers broke ground on an apartment tower in the Dadeland area of Miami-Dade County after securing a $60.55 million construction loan.

CMTG Lender 63 LLC, in care of Mack Real Estate Credit Strategies in New York, provided the mortgage to Alta 9600 Phase I LLC, managed by Felipe Raimundo Onetto and Juan Ignacio Montes, the principals of Miami-based Alta Developers. The funding covers the first phase of the project on the two-acre site at 9600 S. Dixie Highway.

Doral-based Jaxi Builders recently filed notice with the county that it started construction of 296 apartments and 14,662 square feet of retail called Alta 9600. 

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Neology Life breaks ground on apartment development in Miami’s Allapattah

Neology Life, led by developer Lissette Calderon, broke ground on an apartment complex in Miami’s Allapattah neighborhood after obtaining a $78.2 million construction loan.

The Julia apartments, named for Miami founder Julia Tuttle, will have 323 units. Construction on the 14-story building at 1625 N.W. 20th St. is expected to be completed by mid-2023. The developer said the total cost of the project would be $100 million. 

Doral-based Jaxi Builders is the general contractor.

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