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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.

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 ...