A rendering of the first building of Clara Bay Harbor's first phase

Clara Homes Breaks Ground on $26 Million First Phase of Miami Project

by Lynn Peisner

MIAMI — Clara Homes has closed on a $26 million construction loan provided by Maxim Capital to fund the first phase of Clara Bay Harbor in Miami. Construction will be completed in three phases. The first phase, which begins in March and is estimated to be complete by summer 2024, will yield one 28-unit building with one- to five-bedroom floor plans. Amenities will include a rooftop pool and fitness center. Construction of the remainder of the project, which consists of 122 units within two additional six-story buildings, will begin later this year. The entire project will be complete by approximately the end of 2025.

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