The Real Deal Miami

South Miami office project in foreclosure suit

April 29, 2010 09:04PM

Green office project 5966 SOMI at 5966 South Dixie Highway in South
Miami, planned as a 40,000-square-foot project, has been named in a
foreclosure action filed by Mercantil Commercebank. Gilbraltar Private
Bank & Trust is also a defendant in the suit, having given the
project a $1.4 loan through co-defendant 65 Development. The project
developer, Oxford Universal Design & Build in Miami did not respond
to calls for comment. The still-unfinished building was to have green
features like recycled construction materials and more efficient use of
water and energy. [SFBJ]