×
150
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
LEVI'S
Technical Product Manager
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
By
Reuters
Published
Apr 16, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Blackstone secures $600 million for Miami luxury mall

By
Reuters
Published
Apr 16, 2015

Blackstone Group LP has secured a $600 million loan for a Florida developer turning a once dingy, warehouse district in Miami into a premier luxury retail destination, according to sources familiar with the deal.

Blackstone will hold a $100 million mezzanine portion of the loan with the Bank of China providing $250 million, Craig Robins, president and chief executive of Miami-based Dacra Development, told Reuters on Tuesday. Deutsche Bank and Credit Agricole will split the balance, he added.

The Miami Design District


Dacra partnered with L Real Estate, a fund sponsored by luxury giant Louis Vuitton Moet Hennessy, in 2011 to form Design District Associates. The partnership, initially financed by Credit Agricole, is in the midst of building 1.2 million square feet of retail space across 20 buildings in the Design District just north of downtown Miami.

A little less than half of the neighborhood’s expected 120 stores were open at end of 2014, coinciding with the international contemporary art fair Art Basel Miami Beach.

At the heart of the development is a towering glass courtyard where flagship Louis Vuitton, Cartier and Piaget stores surround a courtyard with a Buckminster Fuller-designed sculpture.

The area’s offerings also include art galleries, interior design stores and restaurants helmed by James Beard award-winning chefs that have been a magnet for wealthy travelers visiting Miami.

The total value of the project, expected to be complete by 2016, including existing equity is $2.2 billion, Robins said. Chicago real estate investment firm General Growth Properties and New York-based Ashkenazy Acquisition Corp paid $280 million in late 2014 for a 20 percent stake in the partnership.

$1 = £0.67

© Thomson Reuters 2022 All rights reserved.