CBRE has arranged $66.8 million in financing for the development of Century Town Center, a new mixed-use project in the Doral submarket of Miami, FL.
Marcos Minaya and Amy Julian with CBRE represented the borrower, a partnership between Century Asset Management (Century Homebuilders Group and Constructora Conconcreto) and an affiliate of the Mattoni Group. The loan was provided by Pacific West Bank.
“Century Town Center sits the heart of Doral and will feature two residential buildings with 326 units and structured parking, a state-of-the-art clubhouse and approximately 35,700 square feet of retail and restaurants,” described Minaya. The property is a few miles away from Miami International Airport.
Century Town Center, which has an expected completion date of 2024, will be located within the Midtown Doral master planned community known as Midtown Doral. When fully developed, Midtown Doral will include residential, business, recreational and retail uses.