FINANCED
Sumaida & Khurana And Bizzi & Bilgili Secure $47.25M Construction Loan For The Fifth Miami Beach
944 5th Street
Development Site
Financed 151 days ago
Summary
Loan
FLORIDA
Development Site
The Fifth Miami Beach, a development site located at 944 5th Street in Miami Beach, has secured a construction loan of $47,250,000. The loan was obtained by Sumaida + Khurana and Bizzi + Bilgili for the area's first office project in decades. The building, designed by Alberto Campo Baeza, spans a total of 62,202 square feet and is set to meet the growing demand for boutique office spaces. The unique facade of the building features white marble and glass, while the interior includes a triple-height atrium and rooftop amenities.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $47,250,000
- Address: 944 5th Street
- Market: Miami Beach
- Asset Type: Development Site
- BSF (Building Square Footage): 62,202
The loan for The Fifth Miami Beach was secured by Cain International, represented by Jonathan Goldstein. The landlords involved in the deal are Sumaida + Khurana, represented by Saif Sumaida and Amit Khurana, and Bizzi + Bilgili, represented by Serdar Bilgili.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Amit Khurana, Saif Sumaida, Jonathan Goldstein & Serdar Bilgili
DATE: 12/21/2023
ADDRESS: 944 5th Street
MARKET: Miami Beach
ASSET TYPE: Development Site ~ BSF: 62,202
LENDER: Cain International - Jonathan Goldstein
LANDLORD: Sumaida + Khurana (@SumaidaKhurana) - Saif Sumaida & Amit Khurana; Bizzi + Bilgili - Serdar Bilgili (@SerdarBilgili)
LOAN AMOUNT: $47,250,000
LOAN TYPE: Construction Loan
NOTE: Sumaida + Khurana and Bizzi + Bilgili secured $47.25 million for The Fifth Miami Beach, the area's first office project in decades. Designed by Alberto Campo Baeza, the 62,202-square-foot building caters to growing demand for boutique office space, featuring a unique facade with white marble and glass, a triple-height atrium, and rooftop amenities.
+Khurana-SaifSumaida&AmitKhurana;Bizzi+Bilgili-SerdarBilgiliView on map
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Address944 5th Street
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