CIP Miami Springs, LV Lending Break Ground on a 120,225 square foot mixed-use project in the Metro Miami area
MIAMI SPRINGS, FLA. – CIP Miami Springs and LV Lending have opened the Miami Springs Town Center, a 120,225 square foot mixed-use project located at 1 Curtiss Parkway in Miami Springs, approximately 10 miles from downtown Miami. The project is expected to be completed in the second quarter of 2022.
Designed by Cabrera Ramos Architects, downtown Miami Springs will feature a 50,725 square foot three-story residential building with 51 apartments, 23,500 square feet of retail space on the ground floor, and a 124-space parking lot. Additional on-street parking will be available.
Located on 1.1 acres, downtown Miami Springs will be home to two and three bedroom units ranging in size from 975 to 1,075 square feet. Rents will start around $ 1,850.
Benito Carmona of the US Century Bank has provided a $ 14.6 million construction loan for the project. Crossman & Co., based in Orlando, is the retail leasing broker for the project.
Miami-based LV Lending is a private lender focused on investment loans for the acquisition and development of residential, commercial and land projects.