Allen Morris scores $139M construction loan for Coconut Grove project
Allen Morris Company secured a $138.5 million construction loan for its mixed-use Ziggurat development in Coconut Grove, The Real Deal has learned. Coral Gables-based Allen Morris and its partner, the Espinosa family that owns the property at 3101 Grand Avenue, secured the financing from BDT & MSD Partners and BHI, the U.S. arm of Israel-based Bank Hapoalim, according to a release. The planned Ziggurat development is expected to include a five-story, 100,000-square-foot office building and a three-story, 18-unit luxury condo building with about 45,000 square feet of ground-floor retail space. The office building will also have a rooftop restaurant and […]This article originally appeared on The Real Deal. Click here to read the full story.
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