Notice of Commencement, $80m Construction Loan Recorded for Vice Apartments

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Property Markets Group is now one step closer to development of the Vice Apartments tower in Downtown Miami. A notice of commencement recorded with the Miami-Dade recorder Friday, just after the 1-acre site transacted in a related sale. A construction loan of $80 million with Centennial Bank was also recorded.

Vice Apartments is a proposed 32-story complex with 464 units on 1 acre near Biscayne Blvd and 4th St in Downtown Miami.

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