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Ram Plans 125-Acre Mixed Use Development

MIAMI—Ram reports strong retail interest, with over 90% of phase one pre-leased. Walmart will anchor the retail with a 158,500 square foot Super Center.

By Jennifer LeClaire | Updated on July 10, 2014

MIAMI—Ram Realty Services just closed on 80 acres of land and inked a $120 million financing deal for the initial phase of a mixed-use development project in Miami. The project calls for 900 multifamily units and 300,000 square feet of retail as part of a community dubbed Coral Reef.

The first phase will see 408 luxury multifamily units and 250,000 square feet of retail and restaurants come online. Wells Fargo is providing financing for this $120 million initial phase. Ram says the project will ultimately growing to 125 acres.

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