Treo Group scores loan for mixed-use student housing project in South Miami

Treo broke ground on the $125M project in February

TRD MIAMI /
Mar.March 19, 2020 05:30 PM
Rendering of Vox Miami

Rendering of Vox Miami

The Treo Group closed on a $33.25 million construction loan for Vox Miami, a mixed-use project under construction next to the South Miami Metrorail station.

Centennial Bank is providing the senior construction loan to Treo. It closed on Wednesday, amid the crisis caused by the coronavirus pandemic. J.C. de Onda, division president for Centennial’s Southeast Florida division, and Jay Brito, senior commercial loan officer, arranged the loan.

The financing is for the first phase of Vox Miami, a $125 million development that will include student housing, retail, and Class A office space. It’s being built at 5949 South Dixie Highway in South Miami.

The project, designed by Perkins + Will, broke ground in February. The first phase calls for a three-story, 99-unit and 326-bed student housing component above an existing five-story parking garage. It will have 5,600 square feet of ground-floor retail space, an amenity deck with a clubhouse and resort-style pool, a fitness center, study and lounge spaces, a cafe, game room, bike storage and pet grooming area.

The second phase calls for 195,000 square feet of office space.

The project is aiming for an August 2021 delivery date, in time for that academic year.

Treo Group is also building Regatta Harbour, a mixed-use waterfront project at 3385 Pan American Drive in Miami.

Centennial Bank is a regional bank based in Conway, Arkansas, that has become one of the more active construction lenders in South Florida. It’s provided loans to Moishe Mana, who is planning to redevelop the historic section of downtown Miami; and Fort Lauderdale developer Dev Motwani.


Related Articles

arrow_forward_ios
Michael Wohl and a rendering of the project

Coral Rock lands construction loan on Hialeah project

Coral Rock lands construction loan on Hialeah project
From left: Benjamin Bernstein, Pan Shiyi, and Zhang Xin (Credit: Google Maps, Dickson Lee/South China Morning Post via Getty Images)

Lender closes on RedSky and JZ’s Wynwood assemblage

Lender closes on RedSky and JZ’s Wynwood assemblage
Kelly Beam, Ricky Trinidad , and 3265 Bird Avenue (Credit: Google Maps)

Miami developer Metronomic files for bankruptcy

Miami developer Metronomic files for bankruptcy
John Bardis, Carlos Lopez-Cantera, and the office (Credit: Google Maps)

Medical co-working space operator buys Miami medical campus

Medical co-working space operator buys Miami medical campus
MCM President Jorge Munilla and a photo of the bridge collapse (Linkedin, Getty)

Builder involved in deadly FIU bridge collapse sues for $15M, alleges design firm botched review

Builder involved in deadly FIU bridge collapse sues for $15M, alleges design firm botched review
Kelly Kite and 690 Northwest 13th Street (Google Maps)

More multifamily may be coming to Overtown

More multifamily may be coming to Overtown
Alan Ojeda and 8894 NW 44 Street in Sunrise (Google Maps)

Rilea Group scores $46M construction loan for Sunrise apartments

Rilea Group scores $46M construction loan for Sunrise apartments
Landing CEO Bill Smith (Linkedin, iStock)

Rental membership startup Landing lands in South Florida

Rental membership startup Landing lands in South Florida
arrow_forward_ios

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

Loading...