Secure $26M Loan for Miami Worldcenter to Complete D-East Retail Space

Secure $26M Loan for Miami Worldcenter to Complete D-East Retail Space

Miami Worldcenter has secured a $26.1 million loan from Banco Inbursa of Mexico to complete the development’s D-East retail project, which includes 54,000 square feet of retail space and a garage with 1,000 parking spaces. Construction is now finished and interior build-outs are being completed.

So far at Miami Worldcenter, three restaurants from Ariete Hospitality Group’s Michelin Star-rated Chef Michael Beltran have opened their doors for business. Additionally, high end gym Club Studio is set to open in 2024 after signing on as part of the D-East project.

The 27 acre development also features many other projects including 600 Miami Worldcenter – a 579 unit fully furnished condominium by Aria Development Group and Merrimac Ventures; Naftali Group’s 700 unit 65 story condo tower; The Witkoff Groups’ three tower mixed use residential community; and Abbhi Capital’s commercial/residential mixed use project all scheduled for completion soon in downtown Miami area .

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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