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Construction begins on $817-million Faena Residences project in Miami

Record $817-million loan finances two-tower Miami River condo development

November 4, 2026 · 0 signals

Florida Construction News staff writer Construction has officially started on Faena Residences Miami, a two-tower condominium development on the Miami River backed by an $817-million construction loan described as the largest of its kind in Florida history. Developers Fortune International Group and KAR Properties announced the construction milestone following the closing of financing arranged through […]

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