Luma at Miami Worldcenter has locked down a $143 million construction loan as the developers gear up to break ground on the 43-story tower. The loan was provided by Moinian Capital Partners with a 60% equity piece valued at $23.7 million.
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Miami Worldcenter Unveils Construction Timeline for the Mixed-Use Development
Miami Worldcenter is currently the second largest urban developments underway in the United States and occupies 27 acres in the heart of downtown Miami. The ten-block project is expected to account for $2 billion in new investment in downtown Miami and will include world-class retail, hospitality, commercial and residential uses.
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