Midtown 5 Construction To Begin By Year End After Developer Gets $80M Financing

It’s a done deal: Midtown 5 will begin construction by the end of the year.

Magellan Development Group obtained an $80 million construction loan last week to build the 400-unit rental project. Construction financing was arranged by Mike Tepedino, Elliott Throne, Scott Wadler, and Jennifer Keller of HFF.

The 24-story project will also add 22,000 square feet of ground-floor retail space to the Midtown Miami neighborhood.

Residents of the luxury Midtown 5 building will enjoy over 52,000 square feet of indoor and outdoor amenity space, including a steam room, pool deck and fitness center.


PreviouslyMidtown 5 Rental Project Near Approval

Chicagoans To Build Midtown 5