A hotel and retail project that spans an entire block in South Beach has commenced vertical construction.
Washington Squared will include 312 hotel rooms, a restaurant and live performance space. There will also be 46,849 square feet of ground floor retail, along with a 258 space parking garage.
The property was purchased in 2015 for around $33 million, and a construction loan for $90 million was issued last year.
Washington Squared Owner LLC, controlled by Andrew Joblon, is the developer.