Central Dade Waterfront – New Construction – This 15 story project sits directly on Biscayne Bay and has 36 units along with four boat docks. These two and three BR units range in size from 1,830 to 3,825 sq ft and include townhouse style units. In addition, the largest units (2) are two five BR “Sky Villas”, with 3,825 sq ft. Total sq ft is estimated to be 87,500. Original prices were $725k to $1,850,000 ($396 to $483 per sq ft). One unit closed in January but no other units have closed since. Loan is $16.9MM, though this would have been reduced by the one closing ($950k).