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JDS Development Group has secured $86 million in acquisition and construction financing to develop 1 Southside Park in Miami, FL.

JDS Development Group Secures $86M for 64-Story Mixed-Use in Miami

JDS Development Group has secured $86 million in acquisition and construction financing from Maxim Capital Group for 1 Southside Park, a full city-block development in the Brickell neighborhood of Miami, FL.

The 64-story, mixed-use project will deliver 1,175 residential rental units, 190,000 square feet of office space, a 200-key Treehouse Hotel, 10,000 square feet of retail space and 1,400 parking spaces.

The financing was arranged by Walker & Dunlop’s Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Sean Reimer, Mo Beler and Sean Bastian. The team replaced the existing land acquisition loan with a bridge construction loan at a lower rate and with higher proceeds on behalf of JDS.

The SHoP-designed tower is envisioned as a series of stacked and shifted volumes that purposefully break down its scale. Each level is carefully designed to create both form and function for the multi-use structure: residential, hotel, microunits, office and wellness.

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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.

  • ◦Development
  • ◦Financing
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