Developer Secures $172 Million Construction Loan for Miami Condominium Tower

Aventura-based developer Turnberry has secured a $172 Million construction loan for ONE Park Tower by Turnberry at SoLe’ Mia, its new condominium tower in North Miami. The loan was secured from Bank OZK. The groundbreaking was held in January 2024. Set within the 184-acre master-planned community of SoLé Mia in the heart of North Miami, the 32-story tower will deliver 299 bespoke residences overlooking a seven-acre Crystal Lagoon™ and surrounded by pristine natural landscapes, with access to a private beach, amenities created to offer residents a sophisticated lifestyle, and ocean views. Consisting of spacious one-, two-, and three-bedroom units, plus a collection of penthouses, floorplans feature dens and large powder rooms – and are designed to fit a range of lifestyles. Amenities will include green space with eight miles of biking and running trails, pool, pickleball courts, fitness center, resident lounge with a library, co-working space and event rooms, a children’s playroom.

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