Berkowitz scores $12M construction loan to build Floor & Décor store in Kendall

The 82K sf store will be an anchor at the Kendall Village Shopping Center

Miami /
Sep.September 06, 2018 09:45 AM

A Floor & Décor store and Jeff Berkowitz (Credit: Google Maps and FIP Realty)

Berkowitz Development Group just scored a $12 million construction loan from City National Bank of Florida to build a Floor & Décor store in Kendall.

The 82,311-square foot store will be an anchor at the Kendall Village Shopping Center at Kendall Drive and Southwest 124th Avenue. The center, along with an adjacent parcel, totals 27.4 acres and 13 buildings. Other tenants include Regal Cinema, Old Navy, GAP, Chuck E. Cheese, Jared Jewelry, Pier 1 Imports, Duffy’s Sports Grill, and a satellite Nova Southeastern University campus.

Berkowitz, led by Jeff Berkowitz, was long-time client of Miami-based TotalBank, which was acquired by City National Bank in June for $529 million, according to a release. Berkowitz Development Group said the new facility plans to be completed in the first quarter of 2019, with a projected store opening by the second quarter of 2019.

Kendall Village was developed by Berkowitz in 2000 and renovated in 2005. The firm also built Dadeland Station in Miami and the Fifth and Alton shopping center in Miami Beach. — Keith Larsen


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
Jimmy Resnick with 11531 – 11631 North Kendall Drive (Google Maps, Getty)
Jimmy Resnick joins South Florida shopping center buying spree with $32M Kendall purchase
Jimmy Resnick joins South Florida shopping center buying spree with $32M Kendall purchase
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
The Park at Sheffield apartment complex at 15601 Southwest 137th Avenue in southern Miami-Dade County (Google Maps, The Park at Sheffield)
Fruchtlanders pay $36M for apartment complex near Zoo Miami
Fruchtlanders pay $36M for apartment complex near Zoo Miami
(left to right) Nuveen's Mike Nuveen with 800 Waterford Way and Pebb Enterprises' Ian Weiner with 5355 Town Center Road (CoStar, Nuveen, TVS Design, Pebb)
Lease roundup: Nuveen nabs fintech tenant in Miami, Brookfield scores 20 leases at Boca’s Mizner Park
Lease roundup: Nuveen nabs fintech tenant in Miami, Brookfield scores 20 leases at Boca’s Mizner Park
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
arrow_forward_ios

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

Loading...