The Treo Group has closed on a $33.25 million construction loan for Vox Miami, a $125 million mixed-use project under construction next to the South Miami Metrorail station, The Real Deal reports.
Centennial Bank is providing the senior construction loan for the project’s first phase. Overall, it will include student housing, Class A office space and retail at 5949 South Dixie Highway.
Perkins + Will designed the project, which broke ground in February, with work starting on a three-story, 99-unit student housing structure above an existing parking garage. The building will also have 5,600 sq. ft. of ground-floor retail.
The project’s second phase will include 195,000 sq ft. of office space. It is due to be completed by August 2021.