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Related Group locked in a $400M construction loan to build a luxury condo project at the last development site on the ultra-wealthy enclave of Fisher Island. 

New York-based Madison Realty Capital provided the debt to build a 10-story property that has already amassed more than $500M in pre-sales, according to a release. Construction at 6 Fisher Island Drive is scheduled to start in the coming months and is slated to deliver 50 luxury condos in 2026 to the country’s richest ZIP code.