$2 Billion Midtown Park Wins City Approval
Midtown Park Residences’ prices start in the lower $600,000s and is expected to be completed in 2028.
Midtown Park Residences’ prices start in the lower $600,000s and is expected to be completed in 2028.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Jesse Wright and Director Joshua Odessky.
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.
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