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Construction of the hotel, which will be the first Radisson RED built in Florida, is expected to be complete by the second quarter of 2019. Construction of the hotel, which will be the first Radisson RED built in Florida, is expected to be complete by the second quarter of 2019.

MIAMI—Locally-based development firm Riviera Point Development Group reports it has secured the necessary funding to complete its Radisson RED hotel project near Miami International Airport.

Construction on the building commenced in December of last year. The hotel at 3401 NW 25th St., which was recently topped off, will feature 155 guest rooms. Riviera Point secured a $16.5-million loan from Centennial Bank, which will help fund the nearly $34.5-million cost for the new hotel that is being built on 1.1 acres.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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