Concord Summit Capital Arranges $30 Million Construction Loan For 110-Unit Condo-Hotel Development
The 110-unit development will be located at 1136 SW 3rd Avenue.
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The 110-unit development will be located at 1136 SW 3rd Avenue.
Sebastian Misiewicz led the representation of both sides in the transaction.
The portfolio consists of six buildings constructed between 1981 and 1982 on 7.66 acres.
At full build-out, Midtown Park will feature six towers, including four residential buildings and two office structures.
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The complex sale was exclusively handled by Tony Ulloa and Marcos Macias.
The 40,000 square foot property is situated on 3.5 acres.
This sale marks a lucrative exit for the sellers, who bought the tower about seven years ago for $248.5 million.
The two fully leased Class A buildings total 312,834 square feet.
The lot, located at 3000 SW 28 Street in Miami, is currently occupied by Farrey’s Lighting & Bath, a 100-year-old family-run business.
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