St. Regis Sunny Isles South Tower refinances construction debt

Madison’s October 26, 2026 issuer-hosted coverage reports a $463 million construction debt package for the St. Regis South Tower, replacing Bank OZK debt and funding completion. Fortune and Chateau are named developers; Dune separately confirms its partnership and successful closing. Earlier lender coverage forecast end-2028 completion, while Dune’s latest update says 2029.