Driftwood, Merrimac, MV Real Estate score $145M loan for Miami Riverside Wharf mixed-use project

The developers of the $350 million Riverside Wharf along the Miami River scored a nine-figure construction loan from a regional bank for the 200,000-square-foot mixed-use project. Driftwood Capital, Merrimac Ventures and MV Real Estate Holdings secured $145 million in construction financing from Arkansas-based Centennial Bank to fund the vertical construction of the waterfront nine-story, two-tower project at 114 Southwest North River Drive, according to a news release. Riverside Wharf will include a 167-room Dream Hotel, 30,000-square-foot nightclub, a rooftop pool and day club, a 12,000-square-foot event hall and 16,000 square feet of restaurant space, with completion targeted for fall 2028. […]

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