Developers Secure $76 Million In Construction Funding For 37-Story District 225 In Downtown Miami
Related Group, along with ROVR Development and BH Group, have landed a hefty $76 million loan to begin construction on District 225, a 37-story Airbnb-branded condominium development planned for a 15,000-square-foot site at 225 North Miami Avenue in Downtown Miami. Construction funding came from New York-based lender Madison Realty Capital to build the 394-foot-tall tower, which was approved by city planners in April 2021. The project is designed by Sieger Suarez Architects with interiors by the Meshberg Group, and will include 343 fully-finished and furnished units – all of which are sold out. The construction of District 225 will be managed by Craft Construction Company LLC. according to pending permits, and is projected to completed in 2024.