LORE Development Group

SME Capital financed a $58M construction loan for The Lincoln, a 48-residence boutique condo at 2650 Lincoln Ave in Coconut Grove, more than 40% sold.

Miami issued a $37.7M new-construction permit on Sept. 14 for The Lincoln, the 48-unit, eight-story Coconut Grove condo at 3151 SW 27th Ave.

Lore Development Group and Element Development secured a $58M construction loan for The Lincoln, their 48-unit Coconut Grove condo, trade reports say.

The eight-story project is the third disclosed Coconut Grove groundbreaking or delivery in three days, evidence the neighborhood's small-site pipeline is running hot.