SOUTH BEACH, FL—Starwood Capital Group has secured financing to build a six-story, 144,000 square-foot mixed use building at 2340 Collins Ave. Construction is underway and expected to be completed in late 2021. Starwood continues a recent trend of financial firms finding the Miami area to their liking.
Carter McDowell, a partner with Miami-based law firm Bilzin Sumberg, counseled Starwood throughout the two-year approval process along with associate Carly Grimm. McDowell and partner John Chassen served as local counsel in securing $76 million in construction financing for the project from Citizens Bank, NA. Bilzin Sumberg was also involved in Starwood's initial acquisition of the property, with Chassen representing the seller in the transaction.
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