MiamiCentral Gets Construction Loan For 800 Apartments Above Train Station

The residential towers at MiamiCentral have been granted construction financing.

Pacific Life Insurance Co. granted a $205 million mortgage last week to DT Residential South and DT Residential North, which are two newly created entities with a 99-year lease to the air rights above MiamiCentral.

The two towers will have over 800 apartment units. Completion is scheduled for late 2018.

Residents will benefit from living directly above the retail complex, food hall and transportation hub being built as part of the project.