Florida & Gulf Coast + Finance | May 12, 2020

Santander Bank Lends $57M for Initial Phase of Miami MXU

Ludlam Trail Phase I LLC, a joint venture between ZOM Living, Scout Capital and Mattoni Group secured a $57.33 million construction loan for the initial phase of mixed-use 965-unit apartment and retail project in south Miami-Dade County. The Santander Bank loan funds the first 338 apartments and ground-floor retail space.

The full build-out of the project will include 28,000 square feet of retail. The developers plan to complete the first phase of the project in early 2020.

The developer says its mixed-use project will be fully developed over three phases, and is envisioned to meet significant residential demand in the growing Bird-Ludlam neighborhood. As part of this first phase, the developer will be completing a critical, half-mile segment of the Ludlam Trail just south of Bird Road, transforming an inactive railroad right-of-way into the cornerstone of this highly-anticipated linear park.

The site is along the 5.6-mile Ludlam Trail linear park, a former railway corridor that Miami-Dade County bought and is converting into a linear park.

*Rendering courtesy of Lake/Flato Architects

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.