Paseo De La Riviera

Coral Gables, FL

1350 S. Dixie Hwy, Coral Gables, FL 33146

Acquisition Date: 2016

Financed the acquisition of an existing hotel parcel and redevelopment into an attractive mixed-use property

Project description:

• Located directly across from the main entrance to the University of Miami in Coral Gables, FL
• The development entails the demolition of an existing hotel and the ground-up development of a new mixed-use complex that is currently programmed to include: a ~250 key hotel (with over ~2,500 square feet of meeting space), ~210 multifamily rental units, ~35,000 square feet of prime retail and a parking garage with ~620 spaces

Status: Completed in 2020. Investment profitably exited in Nov 2021. Open and operating.