The developers of Excel Miami have secured construction financing.
The 24-story apartment tower is already under construction just north of downtown Miami and Miami Worldcenter.
It will include 427 apartments, with studio, one-bedroom, two-bedroom and 13 townhouse loft units. A total of 214,183 rentable square feet is being built.
The building’s amenity floor will feature 18’ ceilings and includes a pool, yoga deck, fitness room, co-working space, screening room, and podcast suites.
Excel will also be transit friendly, with a location near the Metromover School Board Station.
Arquitectonica is the architect.
Two loans were issued.
Centennial Bank provided a $68.5 million senior construction loan, with Jay Brito orchestrating the senior loan transaction.
Southern Realty Trust Inc. originated and an affiliate of SRT agented a $26.0 million subordinate loan.
Clearline Real Estate is the developer.
(image: Excel Miami)