March 11 2017 | WSJ Article Miami Condo Market Cools, but a Big Project Gets FinancingMay 27, 2017
PARAMOUNT MIAMI DOWNTOWN –
A sprawling, $2 billion mixed-use real-estate development in what was a gritty part of downtown Miami is lining up financing despite signs the city’s real-estate market is softening.
In the latest step forward, the signature condominium and retail project on a 27-acre development that has been planned for more than a decade has closed on a $285 million construction loan. The tower, named Paramount Miami Worldcenter, is expected to cost a half-billion-dollars. It is already under construction and expected to be completed in 2019.
Source Wall Street Journal
Full Article https://www.wsj.com/articles/miami-condo-market-cools-but-a-big-project-gets-financing-1488913337