Miami World Tower Update 06/28/22

Developer Scores $150M Construction Loan for Miami World Tower

MWT 1 LLC, an affiliate of Lalezarian Properties has received a $150 million construction loan from Bank of New York Mellon to construct its Miami World Tower project. Lalezarian acquired the property for $43 million in 2019 and began construction in March.

Miami World Tower will rise 53 stories and include 565 apartments, 3,000 square feet of full-service restaurants, and 401 parking spaces. Amenities will include a fitness center, a theater room, multiple lounges, a sports deck, and a rooftop pool deck.

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