Ytech is continuing its expansion in Miami’s Brickell neighborhood, securing a $19.5 million predevelopment loan from Israel Discount Bank to fuel its latest ultra-luxury condominium project. The development, set to rise on a 0.3-acre site at 41 and 75 Southwest 15th Road—dubbed the Broadway assemblage—is located just two blocks west of Brickell Avenue, directly across from Mast Capital’s Cipriani-branded condo complex.
Demolition is already underway at the site, where a single-story multifamily building and a two-story office structure from the 1940s and 1950s are being cleared to make way for the project. Ytech, under the leadership of CEO Yamal Yidios, assembled these parcels between 2018 and 2020 for $8.2 million, according to property records.
“With the predevelopment loan secured and demolition underway, we are setting the stage for a transformative development at the Broadway assemblage,” said Yidios. “These milestones, along with the recent groundbreaking of The Residences at 1428 Brickell, exemplify Ytech’s commitment to delivering the most exceptional developments in Brickell.”
The announcement follows Ytech’s groundbreaking last month for The Residences at 1428 Brickell, a 70-story solar-powered luxury condominium tower. Earlier this year, Ytech secured $78 million to refinance its acquisition loan for the 1.1-acre site at 1428 Brickell Avenue, further cementing its position as a leader in the rapidly growing Brickell corridor.
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