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Miami Worldcenter Secures $26M Loan to Complete D-East Retail Space
Miami Worldcenter has secured a $26.1 million loan from Banco Inbursa of Mexico to complete the development’s D-East retail project. Construction has been finished, and the interior build-outs are now being completed. It includes 54,000 square feet of retail space and a garage with about 1,000 parking spaces.
Miami Worldcenter is a 27-acre development in downtown Miami that is opening in phases. Completed retail space so far includes three restaurants from Ariete Hospitality Group’s Michelin Star-rated Chef Michael Beltran. D-East has already signed high-end gym Club Studio, which is scheduled to open in 2024.
The development’s master plan also includes a 579-unit fully furnished condominium project from Aria Development Group and Merrimac Ventures called 600 Miami Worldcenter, a 700-unit 65-story condo tower by New York-based Naftali Group; a three-tower mixed-use residential community from The Witkoff Group, and a commercial and residential mixed-use project by Abbhi Capital.
- ◦Development
- ◦Financing

