The financing package includes $124.2 million in C-PACE capital from Nuveen Green Capital (NGC), marking the largest C-PACE-financed multifamily transaction in the state of Florida to date.
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.
Located at Ponce de Leon Boulevard and Bird Road in Coral Gables, 4000 Ponce features 150,000 square feet of Class A office space and 32,000 square feet of prime ground-floor retail. The building is more than 90% leased.
The site is the largest undeveloped waterfront property in Miami’s urban core.
Now under construction, “The Julia” (formerly No. 16 Residences) is a $100 million, 14-story residential tower that will deliver 323 upscale one- and two- bedroom apartments to one of the city’s most historic and vibrant neighborhoods.
Florida’s largest law firm will move next year and have top billing as the marquee tenant, taking 80 percent of the building. CLICK ON THE HEADLINE FOR MORE
The deals bring the office tower to 91% occupancy in just two years since opening. CLICK ON THE HEADLINE FOR MORE
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