Retail, office development lands $70M loan in shopping hotspot Aventura

by TRD Staff

A local developer landed a $70 million construction loan for a retail and office development in Aventura amid a hot commercial leasing market and a slow development pipeline. Miami-based Ocean Bank provided the financing to Centtral Aventura LLC, managed by Jacobo Cababie Dichi of Aventura, the South Florida Business Journal reported. The 1.55-acre project site at 20955 Biscayne Boulevard is just south of the Broward County line, between Aventura Mall and the Village at Gulfstream Park shopping center in Hallandale Beach. The nine-story building will span 142,000 square feet, including 63,400 square feet of office. The rest is slated for […]This article originally appeared on The Real Deal. Click here to read the full story.