Commercial Observer reported that Madison Realty Capital provided a $463 million construction debt package to Fortune International Group and Château Group for the St. Regis Residences condo development at 18801 Collins Avenue in Sunny Isles Beach, Florida. The financing refinances existing debt from Bank OZK and funds completion of the 170-unit South Tower, one of two 62-story oceanfront skyscrapers expected to deliver by end of 2028, with 80 percent of units already presold generating over $1.6 billion. The deal builds on MRC’s track record in the Sunny Isles Beach submarket, following a $630 million construction loan for the Bentley-branded oceanfront condo tower last year.

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