Bayside Marketplace mortgage increased to $250M

Bayside Marketplace was approved for a $250 million mortgage on Dec. 23, according to Miami-Dade records.  The loan, provided by Deutsche Bank, will be used for renovations and an expansion.

Bayside has 228,000 square feet of retail and 1,300 parking spaces. Its last mortgage was for $79 million in 2008. Chicago-based General Growth Properties owns the shopping center located at 401 Biscayne Boulevard.

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Jeff Berkowitz’s SkyRise Miami will be built next to Bayside and will sub-lease from General Growth.

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Bayside Marketplace mortgage increased to $250M

Bayside Marketplace was approved for a $250 million mortgage on Dec. 23, according to Miami-Dade records.  The loan, provided by Deutsche Bank, will be used for renovations and an expansion.

Bayside has 228,000 square feet of retail and 1,300 parking spaces. Its last mortgage was for $79 million in 2008. Chicago-based General Growth Properties owns the shopping center located at 401 Biscayne Boulevard.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Jeff Berkowitz’s SkyRise Miami will be built next to Bayside and will sub-lease from General Growth.

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