Property Type: Residential
Funds Provided: $11,486,000
Investment Date: 2008
Structure: Preferred Equity & Common Equity
Partner: Hines Interests
Originally slated to be developed as 550,000 square feet of high-rise office space, the property is currently under development as 275 luxury, multi-family rental units in three (3) four-story buildings. Completion is scheduled for the fourth quarter of 2014 and will offer luxury amenities and the best location in the Coral Gables market.