Miami Design District Secures $350 Million Refinance From Deutsche Bank With Landlords Craig Robins DACRA, J. Michael Chu And Scott Dahnke L Catterton, Brian Kingston Brookfield Properties

The asset involved is a retail property located at 151 Northeast 41st Street in the Miami market, featuring a total square footage of 179,418. The owners secured a refinance loan amounting to $350 million, which adds $100 million to an existing $250 million loan for the redevelopment of Paradise Plaza and adjacent luxury retail spaces.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $350,000,000
• Lender: Deutsche Bank
• Landlord: Craig Robins - DACRA
• Landlord: J. Michael Chu & Scott Dahnke - L Catterton
• Landlord: Brian Kingston - Brookfield Properties

The transaction includes a diverse group of borrowers including Dacra, L Catterton, and Brookfield Properties. The retail space accommodates a variety of high-end tenants, featuring a mix of Michelin-starred restaurants and luxury fashion brands, including Gucci, Balenciaga, and Christian Louboutin.