The buyer said in a press release that Mary Brickell Village "provides for compelling value-creation opportunities as the site’s zoning allows for the potential to develop up to 80 stories or 4.1 million square feet which could consist of residential, office and hospitality."
Joint venture to create properties in South Florida, D.C., and Denver markets.
The construction loan will finance the development of a one-million-square-foot, transit-oriented project in the city’s downtown neighborhood.
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