MIAMI, FL – JDS Development Group has secured $86 million in acquisition and construction financing for the development of a 64-story, mixed-use project in Miami's Brickell neighborhood. The firm obtained the financing from Maxim Capital Group.
The development, 1 Southside Park, will offer 1,175 residential rental units, 190,000 square feet of office space, a 200-key Treehouse Hotel, 10,000 square feet of retail space and 1,400 parking spaces. The project will transform a full city block.
For the project, JDS is working with design team SHoP Architects, as well as Rockwell Group for hotel interior design, James Corner Field Operations for landscaping, and Woods Baggot's Krista Ninivaggi for residential interiors. JDS has completed the development's two-level basement and it is currently working on completing the project's foundation work.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
