Craig Robins Of Miami Design District Associates Secures $125M Loan For Sweetbird North Development

The asset involved in this transaction is a development site located at 95 Northeast 40th Street, Miami, FL. The site encompasses a total buildable square footage of 114,500 and is set for an eight-story office and retail project named Sweetbird North. The total loan amount secured for this construction is $125,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $125,000,000
• Address: 95 Northeast 40th Street
• Market: Miami, FL
• Asset Type: Development Site
• Buildable Square Footage: 114,500
• Lender: Credit Agricole Corporate
• Landlord: Craig Robins - Miami Design District Associates
• Landlord: Bippy Siegal - Raycliff Capital
• Note: Miami Design District Associates and Raycliff Capital broke ground on the project, which includes 92,000 square feet of office space and 22,500 square feet of ground-floor retail.

The key individuals involved in this transaction are Craig Robins, representing Miami Design District Associates, and Bippy Siegal, representing Raycliff Capital. Both entities are collaborative partners in advancing the Sweetbird North project, bringing together expertise in development and capital investment within Miami’s growing office market.