arts
LCOR lands $193M construction loan for Edgewater tower amid flurry of apartment projects
By Lidia Dinkova at The Real Deal
· July 2, 2026
· 1 min read
LCOR scored a $192.5 million construction loan for a 544-unit luxury apartment tower in Edgewater, as developers are excitedly pursuing multifamily projects across South Florida, despite a lingering oversupply. New York-based LCOR started construction of a 39-story building at 1775 Biscayne Boulevar
Key takeaway 5 million construction loan for a 544-unit luxury apartment tower in Edgewater, as developers are excitedly pursuing multifamily projects across South Florida, despite a lingering oversupply.
Why this matters in The Miami
The construction of a new luxury apartment tower in Edgewater raises questions about the impact of increased development on the neighborhood's character and affordability. With its proximity to Margaret Pace Park and the waterfront, the tower's residents will have access to desirable amenities, but the project's luxury focus may exacerbate the area's gentrification. The $354,000 per unit construction loan also suggests that the apartments will be priced out of reach for many long-time Miami residents. As the city continues to experience a surge in multifamily projects, it remains to be seen how the influx of new, high-end developments will affect the overall housing market and the community's diversity. The tower's 40,000 square feet of amenities and 10,000 square feet of ground-floor retail may bring new economic activity to the area, but it is crucial to consider the potential trade-offs for the neighborhood's existing residents and small businesses.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: July 2, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? LCOR scored a $192.5 million construction loan for a 544-unit luxury apartment tower in Edgewater, as developers are excitedly pursuing multifamily projects across South Florida, despite a lingering oversupply. New York-based LCOR started construction of a 39-story building at 1775 Biscayne Boulevar
When was this published? This article was first published on July 2, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Lidia Dinkova at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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