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

Back to Blog

Edit Search

  • Email Updates
  • Only Update me On
Close
Email to a Friend

Recomend this to a friend, just enter their email below.

To
Close
Email Sent! Your email was sent successfully
Close
Register
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    When are you looking to purchase?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need assistance with financing?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need to also sell your property?

In agreement with our Terms of Use and Privacy Policy