"bellini tower williams island rendering"

Bellini Developer Pays off $80 Million Loan

"bellini tower williams island rendering"

In Williams Island real estate and finance news, it has been reported that developer and art collector Martin Margulies (Bellini developer), has been able to cover an $80 million loan backed by several of his valuable paintings and the sale of two penthouses. Margulies owns a substantial art collection of modernist paintings and photography. It is reported that he put up a handful of these pieces as collateral for an $80 million loan from U.S. Trust. The Bellini tower is one of South Florida’s first condo real estate recovery developments post-collapse.

As per my Williams Island real estate source, Sydney Faye-Davis (a realtor specializing in WI real estate), the 24-story Bellini tower is near completion. THe 70-unit building is due to be ready for move-in date sometime in October.





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