Miami-based luxury developer Related Group secured $359 million in construction loans for three projects under development in Miami and Fort Lauderdale.

The company closed a $159.5 million loan Wednesday from an affiliate of Mack Real Estate Credit Strategies for its 50-condominium Park Grove development on 5.2 acres at 2701 S. Bayshore Drive across the street from Biscayne Bay in Miami’s Coconut Grove neighborhood.

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