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The Lincoln will feature 48 luxury condos in the heart of Coconut Grove.<\/p>\n The Lincoln will feature 48 luxury condos in the heart of Coconut Grove.<\/p>\n
Berkadia, a distinguished leader in the commercial real estate sector, recently announced that it has arranged a $58 million construction loan for developers to build The Lincoln, a luxury boutique condominium with 48 spacious residences in the heart of Coconut Grove, Florida. The project has begun construction and is scheduled to be completed by the third quarter of 2028.<\/p>\n
Managing director Scott Wadler and vice president Bobby Dockerty of Berkadia Miami, along with senior managing director Mitch Sinberg, Matt Robbins and Brad Williamson, secured the financing on behalf of the development team: LORE Development Group (a joint venture formed by Leste Group and Opportunity Fundo de Investimento Imobili\u00e1rio) and Element Development.<\/p>\n
SME Capital provided the 30-month construction loan, which includes two six-month extension options.<\/p>\n
One Sotheby\u2019s International Realty is the exclusive sales and marketing broker for The Lincoln, which has surpassed the 40 percent sold milestone.<\/p>\n
\u201cThe Lincoln speaks directly to the sustained demand we\u2019re seeing from both capital providers and discerning buyers for boutique, design-forward residential product in Coconut Grove,\u201d Wadler said. \u201cLenders and equity partners continue to gravitate toward experienced sponsorship delivering thoughtfully curated communities in supply-constrained submarkets like the Grove.\u201d<\/p>\n
Dockerty added, \u201cThe combination of limited new boutique inventory, strong pre-development interest and Coconut Grove\u2019s enduring appeal as a family-oriented, lifestyle-driven neighborhood created a compelling opportunity for this capitalization.\u201d<\/p>\n
Located at 2650 Lincoln Ave. in Coconut Grove, The Lincoln features a collection of one- to four-bedroom residences \u2013 including six stunning penthouses with up to 3,633 square feet \u2013 with in-suite dens for versatile living, spacious private balconies, expansive walk-in closets, and custom chef-inspired Snaidero kitchens.<\/p>\n
Building amenities at The Lincoln include a luxurious mix of spa-inspired wellness areas with sauna, steam room and hot and cold plunges, a state-of-the-art fitness center, golf simulator, co-working lounge and media area, as well as an enclosed private dog park and pet grooming room.<\/p>\n
A resort style 40-foot-long heated rooftop pool and observation deck features panoramic bay and city skyline views, private cabanas, an outdoor yoga and meditation area, lounge sitting area, and summer kitchens with outdoor grills designed to foster an exclusive sense of community for residents. Additional amenities include assigned and valet parking, 24\/7 front desk and night security services, private storage rooms, and an enclosed bicycle area available to all owners.<\/p>\n
All residences feature designer kitchens with quartz stone countertops. Miele appliances include a built-in wine refrigerator, 36-inch induction cooktop, wall-mounted oven, microwave and speed oven, and an integrated refrigerator tailored to each residence. Bathrooms offer floor-to-ceiling glass shower panels, resort-inspired vanity designs, premium fixtures, elegant Toto toilets, and marble countertops.<\/p>\n
The property is ideally situated in the heart of The Grove with easy access to parks, marinas, top-rated schools, high-end restaurants, hotels and boutiques, along with nearby Coral Gables, Brickell, Downtown, and the Beaches.<\/p>\n
To learn more about Berkadia, visit www.berkadia.com<\/a>.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n ABOUT US:<\/p>\n For more Miami community news, look no further than Miami Community Newspapers. This Miami online group of newspapers covers a variety of topics about the local community and beyond. Miami\u2019s Community Newspapers offers daily news, online resources, podcasts and other multimedia content to keep readers informed. With topics ranging from local news to community events, Miami\u2019s Community Newspapers is the ideal source for staying up to date with the latest news and happenings in the area.<\/p>\n This family-owned media company publishes more than a dozen neighborhood publications, magazines, special sections on their websites, newsletters, as well as distributing them in print throughout Miami Dade County from Aventura, Sunny Isles Beach, Miami Beach, Coral Gables, Brickell, Coconut Grove, Pinecrest, South Miami, Kendall, Palmetto Bay, Cutler Bay and Homestead. Each online publication and print editions provide comprehensive coverage of local news, events, business updates, lifestyle features, and local initiatives within its respective community.<\/p>\n Additionally, the newspaper has exclusive Miami community podcasts, providing listeners with an in-depth look into Miami\u2019s culture. Whether you\u2019re looking for local Miami news, or podcasts, Miami\u2019s Community Newspapers has you covered. For more information, be sure to check out: https:\/\/communitynewspapers.com<\/a>.<\/p>\n If you have any questions, feel free to email Michael@communitynewspapers.com<\/a> or Grant@communitynewspapers.com<\/a>.<\/p>\n
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