Miami-based Coral Rock Development Group has announced that they have closed on a $53.5 million participating construction, mini perm loan for the residential portion of Pura Vida Hialeah, a nine-acre mixed-use project that is transforming Hialeah and is set to be the first of its kind in the area in more than 20 years. Principal Real Estate Investors served as the lender.
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From L-R: Stephen A. Blumenthal, Principal of Coral Rock Development Group; David Brown, Principal of Coral Rock Development Group; Michael Wohl, Principal of Coral Rock Development Group; Victor Brown, Principal of Coral Rock Development Group; City of Hialeah Mayor Carlos Hernandez; Oscar Rodriguez, Arena Capital Holdings; Hialeah City Council President Vivian Casals-Munoz; City of Hialeah Councilman Paul Hernandez; Ana Rodriguez, Arena Capital Holdings; and Sebastian Roiter, Arena Capital Holdings
Coral Rock Development Group & Arena Capital Holdings Break Ground On Pura Vida Hialeah
Miami-based Coral Rock Development Group and Arena Capital Holdings have broken ground on Pura Vida Hialeah, a nine-acre mixed-use project set to be the first of its kind in Hialeah in more than 20 years. When complete, the project will transform the area’s aging retail and residential offerings with the first new sleek contemporary designed vertical towers.
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Coral Rock Development Group And Arena Capital Holdings Reveal Pura Vida Hialeah
The Miami-based Coral Rock Development Group and Arena Capital Holdings announced the plans for Pura Vida Hialeah , a premier mixed-use project set to be the first kind in Hialeah. Pura Vida, meaning “Pure Life,” is the first major mixed-use development in the area in more than 20 years.
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