First up, Seafood Source, March 29:
Atlantic Sapphire building USD 350 million land-based salmon farm in Miami
Atlantic Sapphire USA, a subsidiary of Norwegian farmed salmon firm Atlantic Sapphire A/S, will soon start construction on a massive land-based aquaculture facility in Miami, Florida, U.S.A.
Atlantic Sapphire CEO and Founder Johan Andreassen confirmed to SeafoodSource the company has acquired all approvals necessary to begin the first phase of the project, which will cost around USD 100 million (EUR 94 million). Andreassen said he expects the facility will be capable of producing around 10,000 metric tons of rought-weight salmon, or 22 million pounds annually, by the time the phase-one build-out is complete, expected by the end of 2019 or beginning of 2020.And from The RealDeal, April 23:
“Behind that, we’ll launch phase two and three, and over the next six to seven years, we expect to grow up to 90,000 tons of salmon annually,” Andreassen said. “We have secured sufficient land to build it out completely.”
The second and third phases will run the project’s cost to between USD 350 million and 400 million (EUR 326 and 374 million), he said....MORE
Homestead salmon farm reels in $210M construction loan
Main building will span 390K sf for hatching, raising and harvesting salmon
An under-construction salmon farm in Homestead just reeled in $210 million in refinancing.
See also:Atlantic Sapphire secured the construction loan for the four-phased development at 22275 Southwest 272nd Street from DNB Bank, according to a spokesperson for Holland & Knight. Attorneys Alberto Hernandez and Elena Otero and associates Faisal Kraziem, Brittany Fox and Danielle Moore represented Atlantic Sapphire in the deal.
The refinancing breaks down to a $180 million term loan and a $30 million revolving credit facility, the spokesperson said.
The Miami Bluehouse facility will consist of a 390,000-square-foot climate-controlled main building where salmon will be hatched, raised and harvested. It’s expected to be one of the largest salmon farms in the world once it’s completed.
Atlantic Sapphire has a Bluehouse facility operating in Denmark that served as a pilot for the company, according to Atlantic Sapphire’s website....MORE
"Atlantic Sapphire aims to produce 242,000 tons of fish by 2031, a feat that would represent almost half of the country's annual salmon consumption, according to a press release.."And in other big money deals, yesterday's:
—South Florida Business Journal, February 19
A Salmon Farm In France
