The Real Deal Miami

Riviera Point Group to develop four-acre site in Miramar

The $18M project was funded through the EB-5 program

October 01, 2014 02:15PM

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Riviera Point Corporate Center

Riviera Point Corporate Center

Riviera Point Development Group announced plans for its third EB-5-funded office project in South Florida.

The developer has closed on nearly four acres at Southwest 145th Avenue and Southwest 27th Street in Miramar and expects to begin construction of a 72,000-square-foot Riviera Point Corporate Center by fall 2015, according to company CEO Rodrigo Azpurua.

Announcement of plans for the $18 million development comes after the completion of the first of two buildings at Riviera Point Professional Center, Broward County’s first EB-5 funded, multi-tenant office building at University Drive and Florida’s Turnpike in Miramar. Thirty-four international investors contributed $17 million to the project. – Christopher Cameron

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