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Elevate 163 North Miami Beach LLC, led by Rafael Pecchio of ILP Developers, acquired the site for $6.03 million in July 2023. The project includes 351 apartments, 3,034 sq. ft. of commercial space, and 490 parking spaces within 618,786 sq. ft., with residential units from the second floor and a ninth-floor amenities deck featuring a pool, fitness center, lounge, sauna, and club room.

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NMD NOMADAS was invited to participate in the ELEVATE team with an advanced architectural blueprint and a completed permitting round. The contribution deserved strong design actions that improved the urban implantation of the building, the spatial and experiential quality, as well as its economic profitability.

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Royal Palm Companies secured a $64.7 million construction loan for its planned 293-unit Dania Beach multifamily project.

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Developers Dan Kodsi and Rafael Pecchio paid $8.9 million for a property in the Arts & Entertainment District where they plan a 200-unit apartment tower, The Real Deal has learned.

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On Saturday, May 4, Florida's elite gathered at Sabbia Beach for the grand opening of the state's newest on-sand development. With 60% of units already sold, the event saw top real estate VIPs and Pompano Beach Mayor Lamar Fisher in attendance, marking the beginning of more anticipated purchases.

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