$413M Construction Financing Secured For Brickell Mixed-Use Development
The project comprises two towers: a 41-story tower with 537 multifamily residential units and a 37-story tower with 266 condominium units.
The project comprises two towers: a 41-story tower with 537 multifamily residential units and a 37-story tower with 266 condominium units.
The property is currently over 90 percent sold.
Roughly 50 percent of the retail space is pre-leased.
In partnership with Society Wynwood developers PMG and Greybrook Realty Partners, Tricera and LNDMRK are forward-purchasing over 32,000 square feet of ground floor retail at the project.
The company only plans to use about half of the space to house a showroom and its headquarters, now in Pompano Beach and sublet the other half, subject to the landlord’s approval.
The 882,000-square-foot project will include 646 rental apartments and 2,500 square feet of ground floor retail.
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