Aztec Group Arranges $48 Million In Debt Financing For Mixed-Use Project In Miami
The project consists of 188 rental apartments and 45,000 square feet of office space and retail space.
The project consists of 188 rental apartments and 45,000 square feet of office space and retail space.
Aztec Group’s Peter Mekras arranged the financing.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
Phase I of the project was completed in 2020 and experienced rapid leasing velocity through the pandemic and is currently 99% occupied. Phase II is under construction and scheduled for completion in 2022. Upon completion, the project will total 401 units.
The subject property features two 5-story office buildings on 5.78-acres with frontage on SR-7 (441) just 1-mile north of the Golden Glades Interchange.
The buyer is planning a multifamilyn development.
The buyer received conditional approval to build 526 luxury apartments, 66 hotel extended-stay units, 75,294 square feet of retail space, and a paseo with green space. CLICK ON THE HEADLINE FOR MORE
Phase II of the new retail development will consist of five outparcel pads and 83,500 square feet of in-line retail space. CLICK ON THE HEADLINE FOR MORE
The absolute-net ground lease property sits under the new 189,543- square-foot Walmart Supercenter in Fort Lauderdale. CLICK ON THE HEADLINE FOR MORE
The property is located at the Southern gateway to the Wynwood Arts District. CLICK ON THE HEADLINE FOR MORE
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