Homestead Station and Cybrary obtain construction loan to break ground – South Florida Business Journal

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After securing a $ 55.58 million construction loan, the developer of the aventura hilton hotel, just south of the Aventura Mall, is ready to break ground. Banesco USA granted the loan to Aventura Hospitality LLC, managed by Larry M. Abbo of the company Prime Hospitality Group in Hollywood.

South Florida will see a big uptick in new hotel openings over the next two years. Nearly 4,200 new hotel rooms and 2.8 million square feet of space will be completed within the next two years in the tri-county area, according to Lodging Econometrics data analyzed by Colliers International South Florida.

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In 2007, Apple won South Florida Business Journal’s coveted Business of the Year and the firm was a finalist in the Best Places to Work in both 2006 and 2007. The Apple Organization is located at.

The big question is if and when they all break ground. It will be like turning back the clock to 2006," he said, adding that labor shortages and the cost of materials continue to be industry challenges. PAMM, a LEED-certified building that incorporates South Florida’s natural landscape, posed particular construction challenges, Leete said.