FINANCED
Bank OZK Provides $181M Construction Loan For Miami Tower Development Site
2600 Biscayne Boulevard
Development Site
Financed 52 days ago
Summary
Loan
FLORIDA
Development Site
The loan transaction involved a Development Site located at 2600 Biscayne Boulevard in Miami. The loan amount granted by Bank OZK for this project is $181,000,000. The Development Site is set to include a 41-story tower with 400 apartments and 187,000 square feet of commercial space, with an expected completion date in 2026.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $181,000,000
- Address: 2600 Biscayne Boulevard
- Market: Miami
- Lender: Bank OZK
- Landlord: Erik Rutter & David Weitz - Oak Row Equities
- Brokers: Chris Kramer, Daniel Matz, Dustin Stolly & Jordan Roeschlaub - Newmark
- Loan Type: Construction Loan
The significant investment in Miami's development by Bank OZK with this loan demonstrates confidence in the growth and potential of the area. The individuals involved in this deal include Daniel Matz, Chris Kramer, Jordan Roeschlaub, David Weitz, Dustin Stolly, and Erik Rutter. Working together, they facilitated the financing of the 41-story tower project, showcasing the collaboration among key players in real estate transactions.
Players
All
6
Agents
4
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Daniel Matz, Chris Kramer, Jordan Roeschlaub, David Weitz, Dustin Stolly & Erik Rutter
DATE: 03/11/2024
ADDRESS: 2600 Biscayne Boulevard
MARKET: Miami
ASSET TYPE: Development Site
LENDER: Bank OZK (@BankOZK)
LANDLORD: Erik Rutter & David Weitz - Oak Row Equities (@OakRowEquities)
BROKERS: Chris Kramer, Daniel Matz (@MatzyPants), Dustin Stolly & Jordan Roeschlaub (@JordyRoeschlaub) - Newmark (@Newmark)
LOAN AMOUNT: $181,000,000
LOAN TYPE: Construction Loan
NOTE: Bank OZK granted Oak Row Equities a $181 million loan for a 41-story tower in Miami's Edgewater, set to include 400 apartments and 187,000 square feet of commercial space. Scheduled for completion in 2026, this Arquitectonica-designed tower marks a significant investment in Miami's development by Bank OZK.View on map
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Address2600 Biscayne Boulevard
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