Newmark Arranges $111 Million Construction Financing For Multifamily Development In Miami
The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom residences.
The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom residences.
This development is part of a strategic expansion of MMG’s portfolio into the residential sector. Widely regarded for its success in retail real estate, MMG is leveraging its expertise to create environments that seamlessly integrate commercial and residential uses.
The six-parcel assemblage forms a contiguous development site located in Miami’s Arts & Entertainment District. and is one of the last collections of undeveloped parcels in Miami’s urban core.
She will focus on guiding capital improvement projects for condominium communities across the region.
The 7-acre mixed-use development’s third residential tower will deliver 432 market-rate apartments in 2028.
The project will deliver 14 studios, 35 one-bedroom units and 6 two-bedroom units.
The site recently received site plan approval from the City of Miami for a three-building, eight-story mixed-use development consisting of 1,050 residential units and 49,737 square feet of commercial space.
The decision was largely driven by the demands of Codina Partner’s newest project Regency Parc, an ultra-luxury residential tower in Coral Gables.
The project comprises two towers: a 41-story tower with 537 multifamily residential units and a 37-story tower with 266 condominium units.
The eight-story development features 373 luxury rental units and 17,000 square feet of prime ground floor commercial space plus 9,000 square feet of exterior covered retail terrace space.
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