Jay Roberts of Prosper Group gives his opinion on the $ 340 million loan for the construction of the Legacy Miami World Center | News


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MIAMI, December 28, 2021 / PRNewswire-PRWeb / – Royal Palm Companies, a Miamideveloper based by Dan Kodsi got a $ 340 million construction loan New York City-based Silverstein Capital Partners for the development of the Legacy Miami World Center, a mixed-use luxury hotel and residential skyscraper to be built downtown Miami. This is the first major construction loan in South florida for Silverstein and the third largest construction loan ever in the state of Florida according to Royal Palm Companies.

Jay roberts, founder and CEO of Prosper Group, was hired by Royal Palm Companies as a strategic advisor for the nearly half a billion dollar project in January 2021 raise capital and work closely with RPC’s management team to capitalize the nearly one million square foot tower. The team successfully closed the funding early december 2021 with Silverstein Capital Partners, promoters of the World Trade Centers in Manhattan.

Legacy, when completed, will be a 55-story, 671-foot-tall skyscraper comprised of luxury residences, a hotel, and a wellness center in the heart of the Miami World Center. The tower will include 310 residences, 219 hotel rooms and a $ 100 million, 10-story, 120,000-square-foot wellness center. Owners of condominium residences can rent their units on Airbnb, Vrbo, Expedia, and other travel OTAs to earn income when not staying in the units.

Miami World Center, a $ 4 billion, a 27-acre megaproject, is currently the largest urban core construction project in the United States and the second largest mixed-use real estate development in the country.

Accor Hotels, which operates 3,700 establishments in 100 countries, has been selected to manage the hotel and catering part of the tower.

Miamistarch-based Kobi Karp designed the luxury high rise.

Jay roberts is the founder of Prosper Group, a Floridabased development company, currently building houses in Tampa Florida and Huntsville, Alabama. Jay is a former investment banker at Bank of America Merrill Lynch in New York City and founder of a hotel startup based on Airbnb.

Media contact

Jay roberts, Prosper Group, (888) 968-7101, [email protected]

Prosper Group SOURCE

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