2400-2500 North Miami Avenue

Miami, FL

Land – Refinance

2400-2500 North Miami Avenue

LAND – REFINANCE

ACRES has secured a $35 million loan to refinance and support the pre-development of a premier mixed-use project located at 2400-2500 North Miami Avenue in Miami, FL.

The site comprises two non-contiguous parcels totaling 2.451 acres (106,752 square feet) along North Miami Avenue, between NW 24th and NW 25th Streets. The assemblage includes eight previously separate parcels, with the larger portion (1.9 acres) at 2400 North Miami Avenue and the remaining 0.5 acres at 2500 North Miami Avenue. This prime location strategically links key Miami districts, including Brickell, Midtown, and Wynwood.

The development will include:
• Three mixed-use buildings
• 1,370 residential units
• 40,000 square feet of retail space

$35 Million

Loan Amount

Pre-Development

Loan Product

“ACRES is pleased to extend financing for this prime site in Wynwood, a submarket positioned for sustained growth. This property is strategically located at the heart of this rapidly expanding area.”

- ACRES Chief Executive Officer and President, Mark Fogel

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.