JPMorgan Chase Bank awarded a big construction loan to the developer of the District 36 residential and retail tower on the border of Miami’s Midtown and Design District neighborhoods.
The bank (NYSE: JPM) granted the mortgage to MREG NE36 Owner, a joint venture between New York developers Mack Real Estate Group and Wharton Equity Partners. They are breaking ground in May on the 19-story tower at 3635 N.E. 1st Ave. with 195 rental units, 61,500 square feet of retail and restaurant space on the…
No comments:
Post a Comment