Danny's Blog

Another Big Construction Project for the Miami Design District

Monday, June 01, 2015
Tags:   Miami Beach Condominiums, Miami Beach Listings

Darca, the company behind the rise of the Miami Design District, a vibrant downtown Miami area just a short drive from Miami Beach, is seeking to expand the fast-growing area with another ambitious development:

This project is divided in two phases: the first phase is going to have sixty retail stores in fifteen buildings, and the second is going to have sixty stores, a hundred-room hotel, and a seventy-unit condo.

The completion of the first phase is almost ready, while that of the second phase is just starting (though it should be ready in 2016). Darca is helping to bring several major luxury retailers to the Design District, such Armani, Cartier, Rolex, Giorgio Armani, and Tiffany.

The Miami Design District is a neighborhood dedicated to innovate fashion, design, architecture and dining experience, with all the luxury of Miami and nearby Miami Beach. Blending chic urban style with the region’s notable tropical vibe, it is a popular haven for visitors and residents seeking fine shopping, cultural and culinary experiences.

The sheer size and ambition of the Project has lead to additional loan requests, including $350 million from the Bank of China, $102 million from Credit Agricole, and $138 million from Deutsche Bank, the administrator of the loan. But given what Darca has pulled off before, this audacious new expansion should succeed.

This update is brought to you by Danny Hertzberg, the leading specialist in prime Miami Beach Listings. To learn about the Miami Beach Condominiums and other Miami Beach Real Estate near such exciting areas, contact him at 305-505-1950.

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