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MIAMI-Union Bank has provided land and construction funding totaling nearly $27.5 million for Coral Station at Brickell Way near Downtown.

Coral Station at Brickell Way will consist of 80,000 sf of retail space plus 78 condominium lofts. In addition, the project will feature a parking garage with more than 1,000 spaces.

Union Bank provided a $7.15-million loan for the project’s land. Also, it has arranged financing for $20.35 million of the $34 million in construction costs.

The development of Coral Station at Brickell Way is being led by a partnership between Taylor Land & Development Co. and BVT Development Inc. The project will be located on Brickell Way between Coral Way and Southwest 15th Road.

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