Rendering of the Washington Avenue hotel and Michael Fascitelli

Ex-Vornado CEO Fascitelli and partner score loan for South Beach hotel

Roughly 300-key hotel now has about $90M in financing By Katherine Kallergis New York-based Imperial Companies has secured $45 million in construction financing for a hotel in South Beach. Records show Washington Squared Owner LLC closed on the loan from Bank of the Ozarks,...
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Washington Squared

Developer obtains $90M loan to build hotel on South Beach, architects: MA Associates and NBWW

By Brian Bandell  –  Senior Reporter A New York developer obtained an $89.98 million construction loan for a new hotel in South Beach. Washington Squared Owner obtained city approval to build a seven-story, 138,797-square-foot building on the 1.6-acre site at 601 to 685...
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