March 11 2017 | WSJ Article Miami Condo Market Cools, but a Big Project Gets Financing

May 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

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