Lalezarian secures $150M for Miami Worldcenter project
An affiliate of Lalezarian Properties obtained a $150 million construction loan to build an apartment tower at Miami Worldcenter, designed by Nichols Architects. By Brian Bandell An affiliate of Lalezarian Properties obtained a $150 million construction loan to build an apartment tower at Miami Worldcenter. Bank of New York Mellon, as administrative agent for a group of lenders, provided the mortgage to MWT 1 LLC, an affiliate of New York-based Lalezarian. It covers the 1.85-acre site at the southeast corner…