Miami Worldcenter developers sell condo site to Dan Kodsi-led company for $26M

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Miami Worldcenter developers land $89 million loan to build apartment tower. along with an under-construction 60-story luxury condo tower and open-air shopping center.

Developer Dan Kodsi plans hotel-condo tower at Miami Worldcenter. Miami Worldcenter developers sell condo site to Dan Kodsi-led company for $26M.

Page number 43 of commercial real estate related news, including trending Miami commercial property news, trends noticed in commercial properties, and general observations related to commercial properties are posted in this Miami commercial realty site for commercial property investors and Commercial Realtors alike.

An affiliate of Miami Worldcenter Associates has sold the land for Paramount Miami Worldcenter to its partner, Dan Kodsi, for $26.275 million. Records show Miami A/I Parcel 2 Subsidiary LLC sold the 2.

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The seller also issued a nearly $13 million purchase money mortgage to the Kodsi-led company. Kodsi told The Real Deal he expects to close on a construction loan sometime over the next two months. Nitin Motwani and Art Falcone are the master developers of Miami Worldcenter, a $1.7 billion mixed-use project in downtown Miami and Overtown.

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Check out the flying car parked outside the Paramount Miami WorldCenter. DOWNLOAD.. Miami Worldcenter developers sell condo site to Dan Kodsi-led company for $26M. Miami Worldcenter sells condo site for $26M to partner

Miami Worldcenter will soon be adding Paramount Worldcenter, a 60-story condominium that will sit above retail giants Macy’s and Bloomingdale’s in Miami’s noteworthy mixed-use complex.

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Despite a slowing real estate market, the developers of a massive, mixed-use project in downtown Miami’s park west district secured an $89 million construction loan for a rental apartment tower.

Miami A/I Parcel 2 Subsidiary LLC sold Northeast 10 th Street and Northeast First Avenue to tower 2 llc, led by Dan Kodsi, for $26.275 million. This location is the 2.25-acre land site for the Paramount Miami Worldcenter, a $1.7 billion mixed-use project in downtown Miami that is developed by Nitin Motwani and Art Falcone. The building.