Search
 

Comras Secures $35M for Unique Miami Beach Retail Development

“As this development is unique in South Beach, it is no surprise that it was an attractive investment opportunity.”

Lincoln Road Mall Lincoln Road Mall

MIAMI—New retail developments in Miami are still winning the confidence of commercial real estate investors. CBRE Capital Markets’ Debt & Structured Finance team has secured financing on behalf of MAC 1045 5th Street, LLC, an entity affiliated with Comras Company, for the construction of BLVD at Lenox, a new Miami Beach multi-level retail development.

Located at the gateway to South Beach, on the northeast corner of 5th Street and Lenox Avenue, the five-story property is 50% pre-leased with Target’s new urban format as the primary anchor tenant. After breaking ground in January 2018, the project will be delivered in early 2019.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jennifer LeClaire

Recommended Stories

GlobeSt. Net Lease Spring 2025Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.