“Floating lantern”: Kengo Kuma’s Design District project scores $85M construction loan

An $85 million construction loan propelled the start of construction for Japanese architect Kengo Kuma’s U.S. mixed-use debut, in Miami’s Design District, after a two-year delay. Developers Lionheart Capital, Leviathan Development, Well Duo and the Lane Organization landed financing from Chicago-based Monroe Capital and broke ground on Mirai Design District, an office and retail project at 4218 Northeast Second Avenue.  Allison Greenfield, founder and managing partner of Leviathan Development, said the financing came together through Well Duo and Berkadia, but Monroe was familiar with the development team. “We knew Monroe already from some earlier deals that they had tried to […]

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