The Real Deal Miami

Metropica hosts Tacos & Tequila broker party: PHOTOS

Developer closed $22M construction loan for the project's retail portion in May
August 02, 2016 12:45PM

Tacos, tequila – and real estate – were the focal point of a broker party held at Metropica’s sales gallery last week.

Developer Joseph Kavana of KGH Development hosted members of Weston’s Midtown Athletic Club, as well as brokers and their clients at the Sunrise development site, at 1800 Northwest 136th Avenue.

The 65-acre, master-planned community broke ground last year on Yoo at Metropica, a 28-story, 263-unit condo tower. Kavana closed a $22 million loan for the 400,000-square-foot retail component in May. Tenants there will include iPic Theaters, Anthropologie and Shake Shack.

The retail will officially break ground this fall, and developers expect to complete the entire project within five to seven years. The $1.5 billion, Sunrise community will include 150,000 square feet of Class A office space on top of street-level retail, as well as a 400,000-square-foot business park.

Altogether, Metropica will include eight condo towers with 1,900 residential units, a hotel, a health and wellness center, a beach club, public spaces, and elevated recreational amenities such as tennis courts and mini soccer fields. Chad Oppenheim is the lead designer. – Katherine Kallergis and Sean Stewart-Muniz