Wellness-focused Coral Gables condo project nabs $68M construction loan

Constellation Group and the Boschetti Group scored a $67.5 million construction loan for a wellness-focused condo project in Coral Gables two months after breaking ground.  BHI provided the financing for Cora Merrick Park, a 74-unit luxury condo development at 4241 Aurora Street, across from Shops at Merrick Park. Berkadia’s Miami office arranged the loan, with Scott Wadler and Matt Nihan leading the financing. Construction began in April and is expected to wrap in 2028, a year later than originally projected. The project will rise on a 0.7-acre site that Constellation and Boschetti acquired for $6.1 million in 2022, records show. […]

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