Development of Miami's Design District

Miami Design District Associates

Representation of Miami Design District Associates, a joint venture between Craig Robins of Dacra, L Catterton Real Estate, a global real estate development fund, and Brookfield Properties in transforming a neglected downtown area into a high-end shopping destination by property acquisitions and financings including a $590 million international financing, with a $490 million mortgage loan from multi-national banks, and a $100 million mezzanine loan from a Blackstone affiliate on top of a $500 million first mortgage loan for securitization covering only a portion of the Design District shopping center property that required cross easements and operating agreements.

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Experience
Counsel to debtor in possession in the chapter 11 case of Cabi SMA Tower I LLLP, the developer of a proposed $60 million mixed-use facility on a 2.73-acre entire city block in the Brickell area of Downtown Miami. The case was an extremely contentious chapter 11 which resulted in the confirmation of ...
Experience
Representation of HRM Owner, a joint venture between Hyatt and Gencom, in successfully navigating the procurement process and securing a ground lease with the City of Miami as part of a $1.5 billion mixed-use development along the Miami River to include hotel, convention, commercial and multi-family...
Experience
Advised and assisted Craig Robins, The Dacra Group, and affiliated entities regarding the acquisition of, and the selling of an equity interest in, a 20-plus property real estate portfolio in the Miami Design District, in order to make way for the $1.4 billion proposed development of the area.
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