CMC Group and Fort Partners Secure $323.8 Million for Four Seasons Coconut Grove

Overview

• Bank OZK provided the construction financing for the 20-story, 70-residence project at 2699 South Bayshore Drive facing Regatta Park.
• Construction began in October with completion targeted for mid-2028 on the 1.2-acre site.
• A representative says the Luis Revuelta–designed tower is more than 50 percent presold.
• Developers say this will be Four Seasons’ first stand-alone condo building in Florida without a hotel component.
• The deal follows Terra’s $410 million loan for another Coconut Grove condo, reinforcing recent large-scale lending in the submarket.