Financing for Southplace City Center

The Real Deal, November 26, 2024

Developers Electra America and BH Group secured a $125 million predevelopment loan for a $1 billion mixed-use project in Cutler Bay, Florida. The financing will enable infrastructure improvements and other phase-one construction work to begin in early 2025 on this multiphase redevelopment, transforming Southland Mall into a transit-oriented community. The vision for Southplace City Center includes more than 4,000 residential units, as well as a hotel, medical offices, an amphitheater, and 150,000 square feet of retail space. DMA is supporting this large-scale effort with project management and retail tenant delivery services.

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Electra, BH land $125M pre-dev loan for $1B Southplace City Center in Cutler Bay