Keystone scores $62M loan for office-to-resi conversion project near Dadeland Mall 

Keystone Development + Investment scored a $62 million loan for its office-to-residential conversions at two buildings near Dadeland Mall, a rare retrofit in South Florida. Office-to-residential conversions took hold in the Northeast, especially in New York, in recent years, marking new chapters for the towers struggling with higher vacancy due to the growth of hybrid work. The adaptation is less common in South Florida, where the office market boomed during a pandemic-era influx of companies.  In the only known South Florida project, Keystone plans to create 212 apartments, combined, at the seven-story building at 9400 South Dadeland Boulevard and the […]This article originally appeared on The Real Deal. Click here to read the full story.