Under the proposed special area plan, Sunbeam Properties would build 1,936 residential units, including 117 units of workforce housing, 870,000 square feet of office/retail space, a 112,500-square-foot hotel with about 300 rooms, and about 5,000 parking spaces.
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Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing.
The property includes five acres of vacant land and an existing 13,000 square foot building built.
The lease allows Tricera to seamlessly backfill space to be vacated by Comerica Bank, which is moving out of 1675 Midtown when its lease expires in June 2023.
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Tricera is scheduled to deliver possession to its tenants by Q4 2022.
Colliers Executive Director Robert Listokin brokered the lease on behalf of the tenant FirstService Residential.
Tenant delivery is anticipated to begin in the first-quarter 2024.
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