{"id":333243,"date":"2026-07-08T16:10:12","date_gmt":"2026-07-08T16:10:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/333243\/"},"modified":"2026-07-08T16:10:12","modified_gmt":"2026-07-08T16:10:12","slug":"s3-capital-lends-111m-for-miami-resi-tower-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/333243\/","title":{"rendered":"S3 Capital Lends $111M for Miami Resi Tower \u2013 Commercial Observer"},"content":{"rendered":"<p>Argentine developer <a href=\"https:\/\/commercialobserver.com\/company\/ha-emprendimientos\/\" title=\"HA Emprendimientos\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">HA Emprendimientos<\/a> has sealed $111 million of construction financing to build a luxury multifamily tower in Miami, Commercial Observer has learned.<\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/company\/s3-capital\/\" title=\"S3 Capital\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">S3 Capital<\/a> provided the loan for the 36-story Sense 22 project in Miami\u2019s Edgewater neighborhood. Gonzalo Espinosa, chief financial officer at HA Emprendimientos, <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/traded.co\/deals\/florida\/development-site\/sale\/114-138-northeast-22nd-street\/\">acquired <\/a>the development site for Sense 22 at 114-138 NE 22nd Street for $8 million in December 2023 from Cain.<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/07\/lucas-durst-chief-financial-officer-durst-organization\/\" rel=\"nofollow noopener\" target=\"_blank\">Lucas Durst Named Chief Financial Officer at the Durst Organization<\/a><\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/company\/jll\/\" title=\"JLL\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">JLL<\/a>\u2019s Max La Cava negotiated the debt.\u00a0<\/p>\n<p>\u201cWe like the Edgewater market because of its premier location,\u201d Steven Jemal, managing director of Origination at S3 Capital, said in a statement. \u201cIt\u2019s close enough to Biscayne Boulevard, Wynwood and the Design District to stay connected to Miami\u2019s core, without asking residents to live in the middle of downtown.\u201d<\/p>\n<p>Jemal added that \u201crecent absorption trends\u201d for the multifamily sector in Miami and tax advantages under <a href=\"https:\/\/commercialobserver.com\/2024\/05\/desantis-live-local-act\/\" rel=\"nofollow noopener\" target=\"_blank\">Florida\u2019s Live Local Act<\/a> \u201cmade Sense 22 a compelling opportunity\u201d for S3.<\/p>\n<p>Located about two miles north of Downtown Miami, Sense 22 will feature 328 apartments ranging from studios to three-bedroom units, along with 372 parking spaces. Community amenities will include a swimming pool, a rooftop terrace with outdoor grilling areas, a spa, a fitness center and coworking spaces.<\/p>\n<p>\u201cWe identified Edgewater as a neighborhood with tremendous growth potential and proven financial performance,\u201d Ignacio Aldazabal, CEO of HA Emprendimientos, said in a statement.\u00a0<\/p>\n<p>The project spans approximately 262,000 net rentable square feet, with an average unit size of 799 square feet.\u00a0<\/p>\n<p>South Florida-based <a href=\"https:\/\/commercialobserver.com\/company\/grycon\/\" title=\"Grycon\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Grycon<\/a> is serving as general contractor for the Sense 22 development, which is slated for completion in late 2028<\/p>\n<p>\u201cSeeing the project take shape is a fulfilment of the developers\u2019 vision for the future of Miami\u2019s quickly evolving skyline,\u201d La Cava, managing director at JLL, said in a statement. \u201cSense 22 is setting a new standard for urban living and cementing Edgewater as one of Miami\u2019s top residential neighborhoods.\u201d<\/p>\n<p>Andrew Coen can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/07\/s3-capital-miami-apartments\/mailto:acoen@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">acoen@commercialobserver.com<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Argentine developer HA Emprendimientos has sealed $111 million of construction financing to build a luxury multifamily tower in&hellip;\n","protected":false},"author":2,"featured_media":333244,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[137480,137481,123,125,124,132720],"class_list":["post-333243","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-ignacio-aldazabal","tag-max-la-cava","tag-miami","tag-miami-headlines","tag-miami-news","tag-steven-jemal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/333243","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=333243"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/333243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/333244"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=333243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=333243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=333243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}