Sweetwater

CREI Holdings Secures $67 Million In Construction Financing For ‘ Li’l Abner III’ Affordable Housing Project In Sweetwater, FL

8:00 am on March 27, 2024 By Oscar Nunez

CREI Holdings has secured a $67 million construction loan from Centennial Bank to build an affordable workforce housing mid-rise building at 455 Northwest 114th Avenue in the City of Sweetwater, Miami-Dade County. Construction of Li’l Abner III is set to begin in the second quarter of 2024 and be completed in the second quarter of 2026. Prospective tenants can now register for future leasing opportunities.

CREI Holdings Secures $41 Million Loan For Affordable/Workforce Housing In Miami-Dade County

8:00 am on January 7, 2024 By Oscar Nunez

Miami-based development firm CREI Holdings has secured a $41 million loan from Lument for the refinancing of Li’l Abner II apartments, completed in April 2023 in the city of Sweetwater. The transaction closed on December 29, 2023, and was led by Marc Suarez, a managing director at Lument.

Plans Filed For First Portion Of Upland Park Phase One Beside Dolphin Station In Sweetwater, FL

8:00 am on August 24, 2022 By Oscar Nunez

Miami-Dade County planners received an Administrative Site Plan Review (ASPR) application for the first portion of Upland Park Phase 1, a 15-story mixed-use building planned for 11897 Northwest 12th Street in Sweetwater, Florida, dubbed Building L. Designed by Arquitectonica and developed by Terra Group (Terra) under the Terra International Services, LLC, this phase of the development will consist of 384 multi-family dwelling units, approximately 50,000 square feet of grocery and retail, and approximately 853 parking spaces in a structured garage. The 2.575-acre subject property is owned by Miami-Dade County and leased to Terra for developmental purposes, representing a fraction of the overall planned 43-acre Upland Park transit-oriented mixed-use community where the developer is spending $1 billion to build nearly 2,000 residential units, 200,000 square feet of retail, a 12-story hotel, a 16- story office building, medical facilities and a school.

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