{"id":284639,"date":"2026-05-26T12:41:10","date_gmt":"2026-05-26T12:41:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/284639\/"},"modified":"2026-05-26T12:41:10","modified_gmt":"2026-05-26T12:41:10","slug":"the-standard-residences-midtown-miami-pays-off-45-million-construction-loan-ahead-of-opening","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/284639\/","title":{"rendered":"The Standard Residences, Midtown Miami Pays Off $45 Million Construction Loan Ahead Of Opening"},"content":{"rendered":"<p>The Standard Residences, Midtown Miami has paid off its $45,045,000 construction loan from Bank OZK as the 12-story condominium at 3100 NE 1st Avenue approaches opening in Midtown Miami. Designed by Arquitectonica and developed by Rosso Development, Hyatt, and Midtown Development, the project yields 228-units featuring interiors by Urban Robot in collaboration with The Standard\u2019s in-house design team and landscape design by Naturalficial.<\/p>\n<p>The financing was originally secured in 2023, with a JLL Capital Markets Debt Advisory team led by Senior Managing Director Brian Gaswirth and Director Jimmy Calvo representing the developer. The payoff marks a financial milestone for the nearly sold-out pied-\u00e0-terre-style residential building, which has five residences remaining.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-40140\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/05\/S7-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1447\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Atlas Media, LLC.<\/p>\n<p>\u201cDelivering a building that authentically connects with the community and elevates Midtown\u2019s cultural fabric is a deeply rewarding personal achievement,\u201d said Carlos Rosso, Founder and CEO of Rosso Development. \u201cIt is a testament to the dedication of our exceptional team and partners who came together to bring this landmark vision to life.\u201d<\/p>\n<p>\u201cCongratulations to Rosso Development, Midtown Development and the entire team on achieving this significant milestone ahead of schedule,\u201d said Brian Gaswirth. \u201cThis moment speaks volumes about the project\u2019s caliber and the confidence it has inspired in the market.\u201d<\/p>\n<p class=\"p1\">The project will include more than 34,000 square feet of amenity space. The rooftop program includes a landscaped deck with a 60-foot resort-style pool and Solana, a restaurant and bar by Juvia Group. Additional amenities include a fitness center, yoga and stretch studios, an infrared sauna, co-working and social lounges, karaoke, and a pickleball court that converts into a disco. Food and beverage offerings include Mannarino, Sushi Garage, Rosetta Bakery Caf\u00e9, and Privato Speakeasy.<\/p>\n<p>Sales and marketing for The Standard Residences, Midtown Miami are being handled exclusively by Douglas Elliman Development Marketing.<\/p>\n<p>Rosso Development and Midtown Development are also advancing Midtown Park, a forthcoming $2 billion, five-acre mixed-use district planned to include retail, dining, residential, office, public green space, and an ULTRA Padel Club.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-35822\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/Midtown-Park-by-Proper-Tower-Padel-Retail-scaled.jpeg\" alt=\"\" width=\"2560\" height=\"2560\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Midtown Park by Proper.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Ffloridayimby.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/google_preferred_source_badge.png\" width=\"245\" height=\"40\" alt=\"Make YIMBY preferred on Google\"\/><\/a><\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"The Standard Residences, Midtown Miami has paid off its $45,045,000 construction loan from Bank OZK as the 12-story&hellip;\n","protected":false},"author":2,"featured_media":284640,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226],"class_list":["post-284639","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/284639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=284639"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/284639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/284640"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=284639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=284639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=284639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}