L&L Holding Company and Oak Row Equities today announced they have closed on $215 million in construction financing for The Wynwood Plaza, a one-million-square-foot campus that will bring class-AAA office, residential, retail and outdoor space to Miami’s famed Wynwood Arts District. L&L Holding, Oak Row Equities, alongside project partner Shorenstein and co-investor Claure Group, secured the loan from Bank OZK.
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Kobi Karp Designed Gateway at Wynwood Class A Office Complex Refinanced With $113 Million Loan
Berkadia has arranged a $113 million loan to refinance Gateway at Wynwood, a 220,000-square-foot, Class A office and retail project designed by Kobi Karp in Miami’s Wynwood District. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Associate Director Robert Iudice of Berkadia South Florida arranged the loan on behalf of New York-based R&B Realty, a family-owned real estate management, leasing and construction company.
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Terra Locks Down $43.5 Million Refinancing For 'Residences In The Grove' Coconut Grove Condo
Terra, in partnership with AB Asset Management, has secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit luxury condominium located at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing, provided by City National Bank of Florida and KS Finance Corporation, will fund preliminary demolition and site-work in preparation for the project’s groundbreaking.
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Newgard Development Group To Bring Acclaimed NY Restaurant AVRA Estiatorio To LOFTY Brickell
Newgard Development Group has revealed that the acclaimed Greek restaurant AVRA Estiatorio will be opening in LOFTY Brickell, a 44-story waterfront luxury condominium high-rise under development on the Miami River in the heart of Miami’s Brickell financial district. AVRA transports diners to the Greece Islands with its decor and cuisine including incomparably fresh seafood, vegetables and hand-pressed extra-virgin olive oil.
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Continuum Company Announces Cullen Mahoney As New Senior Development & Acquisitions Officer
Continuum Company, a New York City-based boutique real estate development firm focusing on ground-up developments that create value for both the consumer and investor, announced today that Cullen Mahoney is joining the company as the Senior Development & Acquisitions Officer for Florida. For the past two decades, Continuum has eyed South Florida as an up-and-coming real estate enclave.
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Kith Opens Miami Design District Flagship Complete With Major Food Group's Sadelle's at Kith And Kith Treats
Kith has opened its second Miami location in Miami Design District, including Miami’s inaugural Sadelle’s at Kith restaurant with Major Food Group and a standalone Kith Treats store. This new store is two stories and will carry Kith’s in-house and multi-brand ready-to-wear, accessories and footwear offerings for men, women and kids. Established in 2011, Kith is both a multifunctional lifestyle brand as well as a progressive retail establishment.
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University of Miami Real Estate Impact Conference 2023 The Largest Edition Yet As Real Estate Leaders Discuss The State of Miami Real Estate
On Friday, February 10th, the University of Miami Herbert Business School hosted the 2023 edition of its annual invitation-only Real Estate Impact Conference, which brought together board members, students, faculty, distinguished alumni and real estate professionals. Entrepreneurs and innovators met with leading commercial real estate investors to explore opportunities spurred by new technologies and the vibrant movement of people and capital to South Florida.
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Related Group's Nick Pérez on Wynwood’s Transformation And The Future of Development in This Burgeoning Neighborhood
The Wynwood Arts District, famously known for its striking graffiti walls and vibrant arts and entertainment scenes, is now one of Miami’s most desirable places to live, work and play, with some of the biggest names in tech, dining, fashion and hospitality setting up shop in the neighborhood. PROFILEmiami had the opportunity to speak with Related Group’s Senior Vice President, Nick Pérez, to learn more about this exciting new development and what the future holds for the area.
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Rilea Group Acquires Final Parcels To Complete Assemblage for Mohawk Wynwood
Rilea Group has closed on an expansion of its assemblage for its rental project Mohawk at Wynwood for $5.7 million, represented by Alfredo Riascos of Gridline Properties. The seller was represented by Alfonso Jaramillo of Fortune. The purchase brings Mohawk’s site to 78K square feet, which sits adjacent to its short-term luxury rental property, The Rider Wynwood.
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Clara Homes Closes On $26 Million Construction Loan For Clara Bay Harbor Luxury Rental Development
The Miami-based Clara Homes, led by James Curnin, has closed on a $26 million construction loan financed by Maxim Capital for Clara Bay Harbor. The three-building development, Miami’s most anticipated new ground-up luxury rental community, will feature 150 total residences with five-star service and a suite of thoughtful amenities. Clara Bay Harbor’s first building is slated to break ground this March.
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