The development site located at 1428 Northwest 14th Avenue in Miami, spanning 414,102 square feet with an area of 1.26 acres, has secured a $68 million construction loan from Forman Capital. The loan will finance the construction of River District 14, a 16-story condominium tower, which will include 283 units and various amenities like a fitness center, business center, and a pool on an amenity deck.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $68,000,000
• Market: Miami
• Lender: Ben Jacobson - Forman Capital
• Landlord: Henry Pino - Alta Developers
• Asset Size: 414,102 SF
• Acres: 1.26

Miami developer Henry Pino of Alta Developers is the landlord of the property, while Ben Jacobson from Forman Capital acted as the lender, providing the $68 million construction loan. The financing will enable the construction of the 16-story condominium tower known as River District 14, enhancing Miami's real estate landscape with 283 modern residential units and a range of essential amenities for future residents.