MIAMI-600 Brickell is finally going to be completed. Formerly called the Brickell Financial Center, the project was delayed when the capital markets froze in the midst of the commercial real estate bust.

Now, construction will continue with a $130 million senior construction loan from Canyon Capital Realty Advisors. The loan will allow Brickell Holdings to complete the 40-story, class A office tower with approximately 600,000 square feet of leasable space in the heart of the Brickell submarket of Miami’s Central Business District.

“This is an excellent commercial transaction at competitive rates,” says Foram Chairman and CEO Loretta Cockrum. “600 Brickell will be a landmark development and will be the most sustainable, efficient and tenant-friendly building in the Southeast. We expect to attract tenants who share these values.”