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Florida & Gulf Coast  + South Florida  + Office  |  February 7, 2022
Exterior view of inner lit window-filled concrete office building at twilight
Lisa McDuffie
By: Lisa McDuffie

Partners Launch South Beach Mixed-Use with $60M Construction Financing

Newmark has arranged $60 million in financing for the construction of Eighteen Sunset, a mixed-use development in the Sunset Harbour neighborhood of South Beach, FL, on behalf of Deco Capital and RWN Real Estate Partners.

The Newmark team was led by Dustin Stolly and Jordan Roeschlaub, Nick Scribani, Chris Kramer, Daniel Matz and Dan Morin. City National Bank provided the loan.

The property will offer approximately 40,000 square feet of office, 17,000 square feet of retail and a residential penthouse. Upon completion, Eighteen Sunset will offer 250 feet of linear frontage on the waterfront in Miami Beach.

Deco Capital assembled the development site through a series of all-cash acquisitions between 2014 and 2018.

According to Newmark, Eighteen Sunset is among the best remaining development sites in Miami Beach, an area starved for high-end commercial space, and the project office component is being designed to be the most exclusive new commercial space in the country.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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