Rockpoint secured $58.9 million from Berkadia for a 603,516-square-foot mixed-use building in Miami’s Wynwood neighborhood, property records show.
The balloon loan covers the Strata, which features 257 apartments, 60,300 square feet of creative office space, 27,040 square feet of ground-floor retail and 474 parking spaces. The eight-story building sits just south of the Oasis mixed-use development at 2201 North Miami Avenue.
Source: Commercial Observer