(Read more on the debt and equitymarkets.)
MIAMI-In a deal aimed at moving Biscayne Landing along, CohenFinancial has arranged a $233.5-million credit facility for the$1-billion project. Boca Developers will use the funds to refinancecurrent debt and cover the costs of infrastructure and amenitydevelopment.
The 193-acre master-planned development will ultimately have upto 6,000 residential units, a town center with 400,000 sf ofcommercial space, a hotel and an Olympic training facility. Thedevelopment will also feature biking and jogging paths. BiscayneLanding, rising on the waterfront on Biscayne Boulevard at NE 151Street, is a public/private venture developed with the City ofNorth Miami.
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