Walker & Dunlop said it structured $43 million in acquisition and construction financing for JDS Development Group‘s 1 Southside Park, a rare, full city-block development in Miami.
Designed by celebrated firm SHoP Architects, the project, which features protected views to the south, will rise 64 stories and deliver 1,175 residential rental units.
Once complete, the assemblage will also include 190,000 sq. ft. of office space, a 200-key hotel, 10,000 sq. ft. of retail space, and 1,400 parking spaces.
1 Southside Park is designed to supplement this community-focused park with over 90,000 sq.-ft. of wellness-focused offerings, including a state-of-the-art fitness center and spa. To fully integrate with the connected public park and The Underline, the project will also coordinate landscaping design by James Corner Field Operations.