Downtown Miami: Investment and development
In this city located in the State of Florida, us, have recently have invested around 750 million dollars for the development of projects in the real estate market: Downtown Miami.
Brickell Flatiron CMC Group, closed an agreement by 236 million–one of the most recent deals-. According to information sharing, in March 2017 was awarded a large loan of $ 285 million dollars for PARAMOUNT Miami Worldcenter and another for the Tower One Thousand Musuem of 225 million dollars.
It is worth mentioning that the loan was granted for Bank of the Ozarks and RFR Realty and capital will be used for the vertical construction of a 64-story tower. This project shall conclude more no later than 2019.
In relation to the item, the co-Chair of Bilzin Sumberg, Jim Shindell said in this regard: "the financing of the construction of CMC Group for Brickell Flatiron is a reflection of the growing demand for properties well located in the city centre of Miami and long history of Ugo Colombo build the most coveted Miami condos – from Bristol Tower, Santa Maria" , Grovenor House and Epic Residences… "."
Therefore, these loans are a current sample that market continues, though clear, concentrated in that area of town – and -country.