Three investors, Ares Management, former English footballer David Beckham, and billionaire Jorge Mas, have scored a $450 million construction loan for a mixed-use development with a soccer stadium in Miami, even as the project faces legal challenges.
The 25,000-seat soccer stadium, which is a part of the $1 billion Miami Freedom Park development, is under construction, according to a report from The Real Deal. JPMorgan Chase Bank provided the financing for what marks the biggest construction loan given out in South Florida thus far in 2025, the news outlet said.
The loan will cover the retail spaces, concessions, and entertainment in addition to the stadium that will serve as the new home to the Inter Miami CF, which is headlined by star Lionel Messi and owned by Mas and Beckham.
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It comes as the project's development group, Miami Freedom Park LLC, was sued by Hunt Construction Group for claims over not paying for pre-construction services that amounted to $590,000, per a separate report from The Real Deal.
Other specific parts of Miami Freedom Park will include 400,000 square feet of office space, a 750-room hotel, dining options, and 600,000 square feet of total retail space. According to officials, phase one of the leasing on the 58-acre site is underway. Once the development is complete, the stadium will host concerts, soccer games, and corporate and special events.
Currently, Inter Miami is playing under a 50-year lease deal at Chase Stadium in Fort Lauderdale, which the city owns.
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