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Ytech has secured a $19.5 million predevelopment loan from Israel Discount Bank for two parcels at 41 and 75 Southwest 15th Road, dubbed 41 and 75 Broadway, in ...more

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About 75 Broadway

Ytech has secured a $19.5 million predevelopment loan from Israel Discount Bank for two parcels at 41 and 75 Southwest 15th Road, dubbed 41 and 75 Broadway, in Miami’s Brickell neighborhood. The combined 0.3-acre site, situated two blocks west of Brickell Avenue and across the street from Mast Capital’s Cipriani-branded luxury condo complex, is set to become home to a new ultra-luxury condominium development.

Demolition of the existing single-story multifamily building and two-story office structure, dating back to the late 1940s and 1950s, is underway. According to property records, Ytech, led by CEO Yamal Yidios, assembled the parcels between 2018 and 2020 for $8.2 million.

Details of the new project at 41 and 75 Broadway remain under wraps. However, the secured financing and demolition progress signal momentum for Ytech as it expands its luxury residential portfolio in one of Miami’s most sought-after neighborhoods.