An ownership group made up of Lujeni Corp, Camino Capital Management and Building Block Realty has secured a $115 million refinancing for the Metro Edgewater, a 279-unit, 32-story multifamily community close to downtown Miami. A JLL team led by Jesse Wright worked on behalf of the joint venture to identify the lender. MF1 was the source of the financing.
The recently completed tower features one-, two- and three-bedroom units averaging 955 square feet with balconies. Community amenities will include a hotel-style pool with cabanas and day beds, fitness center, club room, a sky lounge, a private dining room and a coffee bar.
The property is less than a 10-minute drive to Downtown Miami and Brickell, Miami’s Central Business District, with over 30 million square feet of office space. Notable nearby employers include Citadel, Spotify, Microsoft and JP Morgan, amongst many others.