CMC Group, Fort Partners Get $324M for Miami Luxury Project
The 20-story residential tower is currently under construction.
A joint venture between CMC Group and Fort Partners has secured a $323.8 million construction loan for the development of Four Seasons Private Residences, a 70-unit luxury condominium development located in Coconut Grove, Fla.
Bank OZK provided the financing for the Miami project. Law firm Bilzin Sumberg’s team of Jim Shindell and Hannah Lidicker negotiated on behalf of the developers.
Construction at Four Seasons Private Residences Coconut Grove started in October 2025. The 20-story waterfront project is expected to welcome residents by mid-2028. Sales at the development are being handled in-house by CMC Real Estate and Fort Realty.
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Four Seasons Private Residences will be located at 2699 Bay South Bayshore Drive in one of Miami’s oldest neighborhoods. Miami International Airport is 7 miles from the building.
Revuelta Architecture International’s Luis Revuelta is the architect of record, while Bönan Interiors’ Michele Bönan is overseeing interior design. Raymond Jungles Inc. will be the landscape architect.
Four Seasons Private Residences Coconut Grove will include two- to four-bedroom floor plans ranging from 2,025 to 3,975 square feet. The apartments will have 11-foot ceiling heights, terraces and floor-to-ceiling windows. Each residence will be accessed via a dedicated elevator that goes up to a private foyer. The tower will also feature two sets of penthouses.
Amenities at the residential tower will include a swimming pool, a fitness center and a yoga studio, a private lounge and bar area, a children’s playroom, a spa center with jacuzzi, sauna, cold plunge and treatment rooms, a signature restaurant, a library and an event room. Residents will also have access to a range of Four Seasons services, including valet, dining and wellness programming.
Close-up on Miami luxury projects
The Miami metro’s luxury multifamily sector, including the Miami condo market, retained notable lending momentum at the end of 2025. Recent financial movement in this segment includes a $250 million construction loan for Brickell Starlite, a 517-unit luxury project in downtown Miami. A joint venture between Focus and Group Fox is behind this project, scheduled for delivery in 2028.
In November of last year, Dezer Development secured the largest financing deal in South Florida at the time. The company landed a $630 million construction financing for the first Bentley-branded condo tower in Sunny Isles Beach, Fla. The ultra-luxury high-rise will feature 216 residences across 61 stories and is set to reach completion in 2028.
The 2025 momentum continued this month in the metro. Early last month, developer Rilea Group secured a $150 million financing package for Mohawk at Wynwood, a 300-unit upscale project in Miami’s Wynwood Arts District.
