A building on South Beach’s famed Lincoln Road strip is being redeveloped thanks to a $28.55 million construction loan from Wells Fargo Bank.
The bank awarded the mortgage to Miami-based co-owners Camford Corp. and Carib Mall Associates, led by Simon Karam and Salomon Terner, respectively.
Located at 230 Lincoln Road, the 28,876-square-foot building was built in 1950, but the 22,500-square-foot site is about to get redone. According to an online Loopnet listing, the owners are building a 57,716-square-foot…
No comments:
Post a Comment