Rivage
Update
11/25/24
Developers Secure $424 Million Construction Loan for Rivage in Bal Harbour
Developers Related Group and Two Roads Development have landed a $424 million construction loan for Rivage in Bal Harbour, a luxury condominium building. The loan was provided by Tyko Capital, which is backed by Elliott Investment Management. The 24-building will offer 56 high-end residences referred to as “sky villas” ranging from 3,300 to 13,000 square feet. The residences include single-family home features such as in-unit elevator access and private parking garages. Each residence offers views of the ocean and Biscayne Bay from expansive terraces. The 25,000 square feet of community amenities include fitness pavilion, spa with hot/cold plunge pools, outdoor pickle and paddle ball courts, a cocktail lounge, private dining, VR game simulator, and children’s playroom. Completion is expected in 2027.