Public boarding school scores $9M loan to build new dorm

The SEED School of Miami’s new residential building will hold 400 students

TRD MIAMI /
Jan.January 21, 2019 12:30 PM

City National Bank’s CEO Jorge Gonzalez and a rendering of the SEED School of Miami

A public boarding school in Opa-locka just secured a $9 million loan from City National Bank of Florida to build a new student dormitory complex.

The loan will fund a new two-story dorm for 400 students, as well as 16 faculty and staff members. The total cost of the project is $18.1 million, according to a release.

The SEED School of Miami is a college-preparatory school at 1901 Northwest 127th Street that serves 300 students in grades 6-12. The school was built on the site of the former Westview Middle School in Opa-locka.

By the 2020-2021 academic year, SEED School is projected to enroll 400 students in grades 6-12, with small class sizes of 15-18 students. Its first graduating class will be in 2021. Founded in 2014, it is the first public boarding school in Florida.

Miami-based City National Bank is South Florida’s second largest bank by assets. In October, City National took over the naming rights to one of downtown Miami’s most well known office buildings, the Miami Tower. The tower will serve as the bank’s headquarters.


Related Articles

arrow_forward_ios
Housing Trust Group CEO and president Matt Rieger and Hudson Village renderings

HTG scores financing for Hollywood affordable housing project

HTG scores financing for Hollywood affordable housing project
4238-4276 Northwest 7th Street in Miami, Avison Young’s Michael Fay, John Crotty, David Duckworth, Brian de la Fé, Emily Brais and Berkley Bloodworth

Mixed-use Le Jeune Road dev site heads to market for $17M

Mixed-use Le Jeune Road dev site heads to market for $17M
 Rendering of Father Marquess-Barry Apartments with Matt Rieger

HTG scores financing for senior affordable housing in Overtown

HTG scores financing for senior affordable housing in Overtown
John Lonardo and Chris Spear of ComReal with 12401, 12701, 12725 Northwest 38 Avenue in Opa-locka (Credit: Google Maps)

Realterm Logistics pays $26M for warehouse facility in Opa-locka

Realterm Logistics pays $26M for warehouse facility in Opa-locka
Vlad Doronin, Len Blavatnik, and 3425 Collins Avenue (Credit: Google Maps, Gesi Schilling, and Mark Neyman / GPO)

Developer of Aman-branded towers in Miami Beach scores $35M loan

Developer of Aman-branded towers in Miami Beach scores $35M loan
Fortune International Group’s Edgardo Defortuna, Château Group’s Manuel Grosskopf and a rendering of the project

Fortune and Château score $119M refi for Sunny Isles condo project

Fortune and Château score $119M refi for Sunny Isles condo project
Rendering of 57 Ocean and Marcelo Kingston (Credit: DBOX)

57 Ocean in Miami Beach scores $59M construction loan

57 Ocean in Miami Beach scores $59M construction loan
Rendering of the project and from left: Vince Signorello, Ricardo Caporal and Greg West

Zom Living, partners score $57M loan for Ludlam Trail project

Zom Living, partners score $57M loan for Ludlam Trail project
arrow_forward_ios

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

Loading...