MIAMI, FLA. — Starwood Property Trust has provided $63.5 million for the refinancing of Fourteen Main Street Residences, a two-tower mixed-use development located at 1470 NW 36th St. in Miami. Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez and Shannon Wilson of Berkadia negotiated the financing on behalf of the sponsors, Neology Development Group and American Opportunity Zone Advisors.
Once completed in the first quarter of 2025, Fourteen Main Street Residences will consist of 14-story building that houses 180 apartments, and a five-story building with 57 units. The community will offer studio, one- and two-bedroom floor plans.
Residents will have access to amenities such as a multipurpose lobby, a rooftop clubhouse and pool with cabanas, coworking spaces, a fitness center, dog park with a dog wash area, bike storage, smart package lockers and a parking garage with electric car charging stations. The property will also include a ride-share lobby.