Centro City
Update
08/11/22
Terra Secures $230 Million Loan for Centro City Development
Terra has received a $230 million loan from Apollo Global Management and Mack Real Estate Credit Strategies. The loan will aid the building of Centro City, a mixed-use complex in Miami.
Phase one construction of Centro City recently began, where plans call for 350,000 square feet of refurbished and rebuilt retail space, a 470 unit apartment complex, and a Mater Academy charter school. By the end of 2024, Terra intends to increase retail space and create a total of 1,100 residential units on the 38.4-acre lot.
Photo: Terra
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