Michael Stern’s JDS lands $86M loan for planned mixed-use Brickell high-rise

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New York and Miami developer Michael Stern secured an $86 million loan for his planned mixed-use Brickell tower called 1 Southside Park.

New York-based Maxim Capital Group provided the acquisition and construction financing to Stern’s JDS Development Group, according to a press release. The 64-story tower, between Southwest 11th and 12th streets and Southwest Second and First avenues in Miami, will have apartments, office space, a hotel and food and beverage components.

Read the full article here: https://therealdeal.com/miami/2022/06/14/michael-sterns-jds-lands-86m-loan-for-planned-mixed-use-brickell-high-rise/