33 sophisticated residential condominiums to provide breathtaking views of Biscayne Bay
S3 Capital is pleased to announce the origination of a $55.7 million construction loan for the development of La Maré Regency Collection, a modern luxury condominium that will redefine high-end waterfront living in Bay Harbor Islands.
The exclusive project will feature 33 family oriented residential condominiums and 13 private boat slips, offering a seamless blend of luxury and maritime lifestyle. Positioned to provide breathtaking views of Biscayne Bay, La Maré Regency Collection is set to become a jewel in one of Miami Metro’s most sought-after locales. This boutique condominium project is part of a visionary series of developments by the team at Regency Development Group with a proven track record in commercial real estate and development. Over the past 20+ years, the team has successfully delivered over 600 luxury units across 63 projects, earning a reputation for excellence in design and execution.
“We are proud to collaborate with S3 Capital and Kobi Karp to bring the La Mare Regency Collection from vision to reality. This project represents a significant milestone in redefining luxury living and elevating the lifestyle experience in Bay Harbor,” said Igor Michin, Managing Partner at Regency Development Group.
La Maré Regency Collection has already received a positive market reception, with more than 40% of units pre-sold prior to breaking ground. This strong early demand underscores the appeal of the project’s premium offerings and prime location.
In addition to La Maré Regency Collection, the sponsorship team owns two other properties on Bay Harbor Islands, collectively bringing 51 new boutique luxury units to the area upon completion.
“We are thrilled to support the development of La Maré Regency Collection, a project that perfectly embodies the elegance and allure of Bay Harbor Islands,” said Steven Jemal, Managing Director of Origination at S3. “This loan reflects our confidence in the sponsorship team’s expertise and the enduring demand for luxury waterfront living in Miami Metro.” Andrew Troyanovsky, Managing Partner at Regency Development Group added, “S3 Capital is the ideal partner to help us bring the visionary designs of Kobi Karp and Debora Aguiar to life.”
Bay Harbor Islands is renowned for its unique blend of tranquility and accessibility. Situated near world-class shopping, dining, and pristine beaches, the area offers a lifestyle that caters to the most discerning tastes. The development is also located near Ruth K. Broad Bay Harbor, a leading K-8 school, making it an ideal choice for families.
La Maré Regency Collection’s advanced pre-sales and enviable location showcase the resilience of the Miami luxury real estate market and its sustained appeal among both domestic and international buyers.
The transaction was brokered by Jones Lang LaSalle (NYSE: JLL).
About S3 Capital
S3 Capital is the lending arm of Spruce Capital Partners, a real estate investment firm that acquires and manages multi-family rental housing. S3 Capital is a national construction and bridge lender with significant expertise in development that positions it to streamline the construction process. The company offers a dedicated pool of capital, enabling it to promptly fund construction-related expenses and respond to the individual needs of borrowers. The firm has originated over $5.0 billion across more than 650+ loans and excels in financing small balance loans under $20 million and large balance loans up to more than $250 million. The firm currently has more than 150 active bridge and construction loans.
About Regency Development Group
Regency Development Group, a family-run international company founded in Chicago in 2004, has spent over two decades creating diverse, high-quality properties. Collaborating with top architects and industry professionals, Regency has committed to planning and building innovative spaces that people are proud to call home. With a strong foundation of expertise and a forward-thinking approach, Regency continues to shape the future of residential and commercial real estate.
