Latigo Group secures construction loan for Miami Gardens project

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Latigo Group has secured a $50 million construction loan from 3650 REIT for the development of a 259-unit multifamily project in Miami Gardens.

Dubbed the Center at Miami Gardens, the development will include three residential buildings and a clubhouse located at 19279 NW 27th Ave. The site is  approximately 10 acres and will include parks, ponds and other amenities.

The first apartment units will be delivered in late 2020. The building is are part of Pomelo, a multi-use development that includes a 37,000-square-foot building on a 4.63-acre parcel that will be leased to 24 Hour Fitness and a nine-acre parcel that will be leased to Murphy Oil USA for 20 years, according to Latigo Group’s website.

The Latigo Group is a Los Angeles-based privately-owned residential, mixed-use real estate development and investment company.

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