Cain & Kushner Bet Big in Edgewater

Cain and Kushner just dropped $43.1 million on a prime Edgewater plot to build a 364-unit luxury apartment tower — their first joint venture in South Florida. The site was originally purchased in 2016 by OKO Group and Cain, with OKO already selling condos on half the land. This marks another big move for the duo, who’ve teamed up on major projects like Missoni Baia and 830 Brickell. With South Florida’s apartment market tightening — supply down nearly 8% and rents expected to climb — this development is poised to capitalize on strong demand. Groundbreaking is slated for late next year, backed by a $42 million loan from BDT & MSD Partners. As Cain and Kushner continue their aggressive expansion, this tower could reshape Edgewater’s skyline. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9fbd94b6697b427c