Mana Gets $200M Loan In Wynwood, Approved To Modify County Land Swap

Moishe Mana scored a big loan last week. Separately, he won approval for modification of a deal that will see a new building constructed for the county in Wynwood.

The new loan is in the amount of $200 million, issued by Centennial Bank.

In a separate deal, Miami-Dade’s Board of County Commissioners voted unanimously last week to modify a deal to sell county land to Mana-controlled entities.

As part of the deal, Mana will build a 43,466 square foot building at 2900 NW 5th Ave, at a cost to build of $8.4 million. It will be used as a county district office and Puerto Rican Community Center.

 

location of newly mortgaged property:

new $200m mortagage:

newly approved deal with county:

28 Comments
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Anonymous
2 years ago

Talk is cheap.. time for Mana to build.

Anonymous
2 years ago

Please! I would not hold my breath. This has been over promising and not delivering for years.
Just build something or flip it to someone who will. Stop being an obstructionist!

Miami1
2 years ago

Great! More money for Mana to buy additional properties and sit on his ass!

Acere!
2 years ago

i’m sure city officials are getting a piece of the pie!

Mana has Mono
2 years ago

meanwhile in downtown…

Anonymous
2 years ago

Wynwood It’s fine with or without this guy.

A. Nonymous
2 years ago

Not holding my breath.

Oscar
2 years ago

I’m no contractor but $200 million seems a bit low for what he’s shown. Counting on investors?

Anonymous
2 years ago

$200M is probably 10% of total cost.

Anonymous
2 years ago

Agree

marc
2 years ago

It says $20 million in the original article that is linked. Where is the $200 million from?

Andrewn2
2 years ago

20.13 million to be exact.

Anonymous
2 years ago

Many think he’s waiting on Amazon decision..but he’s waiting on the next market run (3to 4) years from now to cap on luxury retail and apartments/condos to maximize profits ??‍♂️

Anonymous
2 years ago

Cool!

Anonymous
2 years ago

Great idea and good news for the area ……

Anonymous
2 years ago

Ok, so we should put this in Brickell, and put citizenM hotel in Wynwood.

Anonymous
2 years ago

??????And They believed he’s going to built this?

Anonymous
2 years ago

Is he buying a new yacht?

Anonymous
2 years ago

Real Deal article says $20 million. Where are they getting $200 million from?

Anonymous
2 years ago

Looks great – can’t help to wonder if this competes with the WorldCenter? Which would be more successful – more desirable location?

Anonymous
2 years ago

What looks great? All we’ve seen from Mana so far is nothing but renderings.

Anonymous
2 years ago

Maybe this will quiet some of his critics.

Anonymous
2 years ago

Obviously you have not been paying attention to all the promises this has been making through the years. He keeps on buying land and sitting on it thus preventing real developers from building something substantial. Even if he finally gets off his butt and does something now, it will not erase all the years he blocked Miami from growing as a city.

Anonymous
2 years ago

Whatever his plan he sucks.