Metrorail

Terra And Grass River Secure $245 Million Permanent Loan For 23-Story ‘Grove Central’ Mixed-Use Development in Miami

Miami-based developers Terra and Grass River have secured $245 million in permanent financing for Grove Central, a newly completed mixed-use development at 2800 Southwest 27th Terrace in Miami’s Coconut Grove neighborhood. The loan, issued by JP Morgan Chase & Co., will be used to pay off the development’s existing construction loan, provided in 2021 by Apollo Global Management, and fund remaining public infrastructure improvements and upgrades to the adjacent Metrorail station.¬†

Read More

Macklowe Properties Files Plans For Two 25-Story Mixed-Use Towers At 8600 SW 72nd Avenue In Dadeland

Site plans have been filed for Dadeland Apartments, a massive transit-oriented mixed-use project proposed to rise at 8600 Southwest 72nd Avenue in Dadeland,¬†Miami-Dade County. Designed by award-winning architecture firm Arquitectonica and developed by New York City’s Macklowe Properties, the development is comprised of two 25-story twin towers joint by a 4-story podium that would rise beside the Dadeland North Metrorail Station and Dadeland Mall. The proposal calls for a 347-foot-tall development yielding 1,239,000 square feet, with 542,155 square feet designated for residential space, 27,725 square feet for amenities, 11,455 square feet for retail and a parking garage integrated into the podium with 614 parking spaces. The buildings will yield a combined 650 residential units, which would come in studio through three-bedroom layouts, most likely rentals based on the average unit scope of 843 square feet. LACINYC, Corp., an entity affiliated with Macklowe Properties, is listed as the applicant with Dadeland Apartments LLC, an entity affiliated with real estate developer Rilea Group, listed as the property owner.

Read More

Fetching more...