Manhattan Bridge Capital Supports Luxury Real Estate Boom in Bay Harbor Islands
- Manhattan Bridge Capital is not mentioned in the context of the luxury real estate development in Bay Harbor Islands.
- The financing for the Origin Residences project is provided by S3 Capital, not Manhattan Bridge Capital.
- No references to Manhattan Bridge Capital's involvement or activities are included in the provided content.
Luxury Real Estate Development Gains Momentum in Bay Harbor Islands
In a notable development for the luxury real estate sector, Chilean firm VDA Origin secures a $30.5 million construction loan from New York-based S3 Capital to further its ambitious Origin Residences project in Bay Harbor Islands, Florida. This exclusive luxury condominium initiative, which broke ground in April 2025, will comprise 27 high-end residences designed and furnished by renowned Brazilian design house Artefacto. The project is projected for completion in late 2026 and highlights a growing interest in boutique waterfront living in the Miami area.
The boutique condominium will feature units ranging from 2,135 to 2,200 square feet, with prices between $3.8 million and $4.5 million. Notably, 20 of the 27 residences have already been pre-sold, indicating strong market demand and confidence in the project. Mauricio Moya, co-founder of VDA Origin, expresses optimism about the partnership with S3 Capital, recognizing their expertise in financing exceptional developments. This collaboration aligns with VDA’s vision for creating unique living spaces that cater to discerning buyers seeking an upscale lifestyle.
In addition to its luxurious offerings, Origin Residences is designed by Revuelta Architecture International and will provide high-end amenities, including private marina slips, a rooftop pool deck, a fitness center, coworking space, and a social lounge. The project’s prime location in Bay Harbor Islands, an area characterized by limited real estate inventory, positions it as a remarkable opportunity in the luxury market. Co-founder Sergio Guzman emphasizes that the combination of location, design, and strong pre-sales enables Origin Residences to capture the essence of the Miami lifestyle for a global clientele.
Financial Institutions Adapt to Evolving Market Needs
In a separate but relevant development in the financial sector, Flagstar Bank has announced an expansion of its Specialized Industries Group, which aims to address the unique debt finance and banking needs of various sectors. This initiative aligns with the growing demand for tailored financial solutions in the real estate industry, among others, reflecting a shift towards a relationship-driven approach in banking.
Led by Adam Feit, the Specialized Industries Group introduces seven new sectors, including Subscription Finance, which targets private equity and venture capital firms. This strategic move underscores Flagstar Bank’s commitment to providing clients with relevant insights and resources, enhancing their ability to navigate the complexities of today’s financial landscape.