David Martin Of Terra Secures $170M Construction Loan From Martin Nussbaum Of SCALE Lending For Upland Park

The property asset involves a 47-acre development site located at 11897 Northwest 12th Street in the Sweetwater market. This site is part of a larger planned development known as Upland Park, which is set to include a significant mixed-use project encompassing residential and commercial spaces.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $170,000,000
• Lender: Martin Nussbaum - SCALE Lending
• Landlord: David Martin - Terra
• Loan Type: Construction
• Associated Project: Upland Park
• Total Investment for Project: $1,000,000,000
• Planned Residential Units: 2,000 apartments
• Planned Commercial Space: 696,000 SF
• Design Firms: PPK Architects, Arquitectonica, Plusurbia Design
• Public-Private Partnership: Yes, with Miami-Dade County
• Connectivity: Will connect to Dolphin Station transit terminal

This construction loan secured by Terra is intended to finance the initial phase of Upland Park, a project that implicates several prominent architectural firms. The partnership with Miami-Dade County illustrates a collaborative effort to enhance the area surrounding Dolphin Mall with new living and commercial options.