Craig Robins Secures $250M Refinance Loan For Paradise Plaza In Miami Design District

Paradise Plaza in Miami's Design District has secured a $250 million refinancing deal. The loan, provided by Deutsche Bank, was obtained by Paradise Plaza Associates and will support the retail space located at 151 Northeast 41st Street. The property spans 127,800 square feet and is home to luxury brands such as Chanel and Gucci.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $250,000,000
• Address: 151 Northeast 41st Street
• Market: Miami
• Lender: Deutsche Bank
• Landlord: Dacra - Craig Robins; Miami Design District Associates; L Catterton Real Estate; Brookfield Properties
• Brokers: Martin Schwartz & Kevin Koushel - Bilzin Sumberg

The loan was secured by Paradise Plaza Associates, represented by brokers Martin Schwartz and Kevin Koushel of Bilzin Sumberg. The funding will provide financial stability and support the continued operation of Paradise Plaza in the Miami Design District. Craig Robins, the landlord and representative of Dacra, played a pivotal role in securing the refinancing deal.