Oasis Hallandale is also home to a commercial district with more than 59,000 square feet of retail and restaurant space, 35,000 square feet of office space and nearly 1,500 parking spaces.
The tenant is doubling its office space, adding a second floor to its previous lease at the mixed-use development, bringing the company’s total footprint to about 37,000 square feet.
The loan will allow the developer to ready its 6-acre waterfront site for its slated summer 2023 groundbreaking.
Knotel, a flexible workspace platform founded in 2015 in New York, is slated to occupy the entire 46,072-square-foot property.
Formerly an industrial building, the stand-alone property has been fully converted for office and restaurant use and features a rooftop terrace.
The master plan includes up to 1,200 market-rate residential apartments, green space for residents, an office building, and a revamped shopping center with 300,000 square feet of lifestyle-oriented retail and restaurant space.
Miami’s urban core markets generated $1.2 billion in retail property sales last year, according to a recent CIASF commercial real estate report. CLICK ON THE HEADLINE FOR MORE
Early indications are that this version of Resorts World Miami will be a far cry from the original $3.8 billion project. CLICK ON THE HEADLINE FOR MORE
Resort to create tens of thousands of jobs, draw millions of tourists from around the world, and anchor new three-mile Baywalk along downtown Miami waterfront. CLICK ON THE HEADLINE FOR MORE ON THIS STORY AND TO VIEW A VIDEO OF THE PROJECT
Site work has begun on the 4.6 million square foot project, the area’s largest planned development. CLICK ON THE HEADLINE FOR MORE ON THIS STORY