United States Hff Tender

Holliday Fenoglio Fowler L.P. HFF announced today that it has arranged 100 million in construction financing for the development of the first of two phases of The Plaza Coral Gables a mixed-use project located in the heart of the Coral Gables business district.HFF worked on behalf of the borrower Agave Holdings LLC to secure the construction facility. The Plaza Coral Gables represents the first large scale mixed-use development within the City of Coral Gables and includes the design and development of Ponce Park which will serve as an extension of the projects dramatic open plaza area. Designed by CallisonRTKL phase one of the project includes a 14-story Class A state-of-the art office building totaling 291129 square feet 135 multi-housing units 34 ground levelloft apartment units and 101439 square feet of retail space primarily fronting Ponce del Leon and the dramatic plaza and consisting of an experiential theme with restaurants entertainment and service tenants. The second phase not part of the financing will provide an additional 222541 square feet of net rentable area including office residential townhomes and retail as well as a 242-key hotel. The project broke ground in December 2017 and has an estimated completion date of June 2020.The HFF capital markets team representing the borrower included executive managing director Manny de Zrraga managing director Jim Dockerty and director Matthew McCormack.The Plaza Coral Gables is not only a milestone project for Coral Gables history but in South Florida history de Zrraga said. This project is the culmination of years of hard work by the Agave team who are focused and dedicated to providing the best tenant and customer experience for years to come.