Riverside Wharf JV Lands $145M Construction Loan for Dream Hotel

Driftwood Capital, in partnership with MV Real Estate Holdings and Merrimac Ventures, closed on a $145 million construction loan from Centennial Bank to advance development of Riverside Wharf, a $350 million hospitality-driven complex on the Miami River. The financing supports vertical construction of the nine-story, two-tower development which is expected to include a 167-key Dream Hotel.

Located at 114 Southwest North River Drive, the Riverside Wharf is designed to span 200,000 square feet and include a 30,000-square-foot nightclub, a rooftop pool day club, a 12,000-square-foot event hall, and 16,000 square feet of signature restaurant space. The development is also expected to include the rebirth and expansion of The Wharf Miami, a planned publicly accessible riverwalk, a seawall, and a pop-up location for Garcia’s Fish Market honoring the neighborhood’s fishing heritage.

Designed by Jon Cardello of CUBE 3 Architects, the project is being developed by Moss Construction, which is serving as the general contractor, with completion slated for fall 2028.