Developer of Triton Center project in Miami at former INS building obtains $26M loan – South Florida Business Journal

Developer of Triton Center project in Miami at former INS building obtains $26M loan – South Florida Business Journal

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Triton Center rendering Developers planning to redevelop a former home of the U.S. Immigration and Naturalization Service (INS) in Miami borrowed $26 million to finance the project. Three entities managed by Ye Zhang – Florida Fullview Immigration Building, Fullview Immigration Building I and Wealthy Delight – borrowed the money from an affiliate of Madison Realty Capital..

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The developers have razed the building the INS occupied and plan to turn the 1.4-acre property into a mixed-use development called Triton Center, designed by Stantec.

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In 2013, the developers paid $12.5 million for the former INS location at 7880 Biscayne Boulevard, which the federal agency vacated in 2008. The developers have razed the building the INS occupied and plan to turn the 1.4-acre property into a mixed-use development called Triton Center, designed by Stantec.

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Developer of mixed-use project in Miami obtains $26M loan. The INS relocated from the 1.4-acre site at 7880 Biscayne Blvd in 2008. The developers acquired it for $12.5 million in 2013. Construction on the 12-story adaptive reuse and expansion project started in 2015 and is ongoing. Triton Center will have a 139-room hilton garden inn,

Construction spending was up in South Florida last month, according to a new report from Dodge Data & Analytics. Construction starts were up 58 percent to $1.67 billion in June compared to the.

Titan Development Partners Sheds Dade-Commonwealth Building in Miami. been active in South Florida for the past two decades, with projects including the Harbour Center office building in.

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