Bridge Development inks $16M loan for Hialeah Gardens project

Miami /
Mar.March 30, 2016 12:00 PM

Bridge Development Partners just signed off on a $15.75 million construction loan for its upcoming spec industrial project in Hialeah Gardens.

The loan, issued by JPMorgan Chase Bank, covers just under 20 acres of development land at 10701 Northwest 140th Street, county records show.

Bridge, an industrial development firm headquartered in Chicago, now plans to build Bridge Point Crossroads South, a 255,846-square-foot facility on the site with an expected completion date set in the fourth quarter of 2016.

Wayne Ramoski and Gian Rodriguez are handling leasing for the project, according to a LoopNet listing for the property. Rental rates are $8.75 per square foot annually, and the minimum size a tenant can occupy is 24,840 square feet.

This will be the third of Bridge’s projects to break ground in Hialeah Gardens in recent years. Bridge Point Crossroads East and West, the development’s two other phases, are also expected to open this year. They measure and 243,296 square feet and 420,989 square feet, respectively.

Check out a time-lapse construction video for the West portion of the project below:


Related Articles

arrow_forward_ios
Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
rendering of the Nautilus 220 condo project with Developers Daniel Kodsi of Royal Palm Companies and Peter Baytarian, managing partner at Forest Development (LinkedIn, Forest Development, VS Studios)
Forest Development, Royal Palm nab $269M condo construction loan
Forest Development, Royal Palm nab $269M condo construction loan
From left: Oak Row Equities' David Weitz and Erik Rutter with Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
LCOR's Anthony Barsanti and Anthony Tortora with 1775 Biscayne Boulevard (LCOR, Zillow) Arts & Entertainment District
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Renderings of Venus with Erik Rutter and David Weitz (ImageFiction)
Carpe secures approval for North Miami Beach mixed-use apartment project
Carpe secures approval for North Miami Beach mixed-use apartment project
From left: Damien Barr and Ned Grace of NDT Development; Joe Furst of Place Projects; a rendering of the planned redevelopment of the Nora District in downtown West Palm Beach (ArquitectonicaGEO, Place Projects, NDT Development)
West Palm developers secure capital partner for Nora District projects
West Palm developers secure capital partner for Nora District projects
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...