This is a summary of an article originally published by Law360. Read the full article here.

Cole Schotz PC represented the Continuum Co. and Aksoy Holding joint venture in securing $344 million in financing for a two-tower luxury development on Biscayne Bay. Matt Schneid and Drew Barone represented the joint venture alongside in-house counsel David Fischman.

S3 Capital provided a $261 million construction loan for the first phase and $83 million in predevelopment financing for the second. The project is expected to bring more than 500 condominium residences to North Bay Village across the two phases.

“This financing represents a pivotal step forward, not just for our project but for North Bay Village as a whole. We have moved into full-scale construction and our project will transform how people experience Biscayne Bay,” said Ian Bruce Eichner, chairman and CEO of Continuum Co.

The first phase, currently under construction, is expected to be completed in 2028, with the second phase targeted for 2030.

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