The Real Deal reported back in January that NPI secured a $158.4 million construction loan for Gables Station from the Bank of the Ozarks and that a company led by Life Time Fitness executive Parham Javaheri had leased approximately 90,000 square feet there. NPI purchased the 4.3-acre site in 2016 for $60 million.
Another Miami-area mixed-use development under construction is the city’s $2 billion, downtown Miami Worldcenter. The 10-block project is located near transportation and Miami’s Central Business District and will include open spaces and hotels, as well as retail, residential and commercial space.
