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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

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

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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

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BanksCommercial Real EstateDevelopmentJeff BerkowitzKendallReal Estate And Finance