Terra, Fortune International Land $220M for Waterfront Condo near Miami
Why this matters
Land continues to behave as the highest-conviction long-duration bet in CRE. In supply-constrained luxury markets, replacement-cost-positive entitlements remain scarce; in growth-corridor exurbs, sponsors with patient capital are accumulating positions ahead of the next residential or industrial pipeline. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. The trade is a basis call, not an income call, and continues to attract family-office and high-net-worth capital that can hold through the cycle.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The sixth Miami story tracked on the wire in November 2026. All Miami coverage →
- One of 4 land stories tracked on the wire in November 2026. All Land coverage →
Computed from Real Estate Trail’s own tracked coverage
Terra and Fortune International Group have secured a $220 million predevelopment loan for a waterfront luxury condo development on Key Biscayne near Miami, the developers announced. Blackstone Real Estate Debt Strateg…
External link. Real Estate Trail does not republish source content.
Related coverage — Miami · Land
Gencom, White Bridge Capital Purchase 652-Room InterContinental Miami Hotel
MIAMI — A partnership between Gencom and locally based White Bridge Capital has purchased the InterContinental Miami, a 652-room hotel located at 100 Chopin Plaza in downtown Miami. Strategic Hotels & Resorts sold the…
Can Mold Kill a Real Estate Deal? Miami Mold Specialist Shares How to Keep Closings on Track
A last-minute mold discovery threatened a South Florida property sale. Professional remediation helped resolve the issue in just two days, keeping the closing on schedule. MIAMI, Nov. 2, 2026 /PRNewswire/ -- A mold pr…
dormakaba closes Alliants deal, bringing integrated hotel technology to The Hospitality Show 2026
Following its acquisition of Alliants, dormakaba will demo integrated access control and digital guest solutions including digital wallet keys and staff keycard management at The Hospitality Show in Miami, Nov 2-4.
Waterford Hotel Group Adds Three Hotels to Growing Portfolio
Courtyard by Marriott Ithaca Airport/University, Le Particulier Miami and The Wolfeboro Inn Expand Company's Presence Across Three States WATERFORD, Conn., Nov. 2, 2026 /PRNewswire/ -- Waterford Hotel Group, a leading…
South Florida’s top deals: Miami Heat part-owner Raanan Katz buys North Miami shopping center for $33M
Gencom Buys Intercontinental Miami for $300M
Gencom , with White Bridge Capital, acquired the iconic InterContinental Miami, a 652-room waterfront hotel for $300 million (Bloomberg). The 34-story hotel is situated at 100 Chopin Plaza. It has a prominent waterfro…