$215m in construction financing secured for The Wynwood Plaza in Miami
L&L Holding Co. and Oak Row Equities have closed on $215 million in construction financing for The Wynwood Plaza, a 1-million-square-foot campus that will bring class-AAA office, residential, retail and outdoor space to 95 NW 29th Street in Miami’s famed Wynwood Arts District.
L&L Holding, Oak Row Equities, alongside project partner Shorenstein Properties and co-investor Claure Group, secured the loan from Bank OZK. With full project financing now in place, major construction will commence immediately with full completion anticipated in 2025.
“With a fast-growing population and a business-friendly environment that continues to drive a significant number of corporate expansions and relocations by prominent technology, financial and professional services companies, Florida, and the Miami metro region in particular, is an attractive market for long-term investment,” said Matt Knisely, managing director at Shorenstein Properties.