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Miami Design District breaks ground on $125M office, retail project
The eight-story development will add 92,000 square feet of office space and 22,500 square feet of ground-floor retail.
Miami Design District Associates and Raycliff Capital have broken ground on an office and retail project in the Miami Design District, after securing a $125 million construction loan, according to ConnectCRE.
Credit Agricole Corporate and Investment Bank, acting on behalf of a group of lenders, provided the mortgage for the development.
The project is set to include an eight-story building totaling 92,000 square feet of office space and 22,500 square feet of ground-floor retail, with parking supplied by the neighboring Museum Garage.
Norway-based Snøhetta is designing the project, and Kast Construction is serving as the general contractor.