Case Study
The Thesis Hotel and Residences at Paseo de la Riviera
Financed the acquisition of an existing hotel parcel and ground-up redevelopment of the property into an attractive mixed-use hospitality and multi-family property in Coral Gables, FL.
Details
Location: 1350 S Dixie Hwy, Coral Gables, FL 33146
Status: Construction completed in 2020, investment profitably exited in Nov 2021. Profits distributed to investors.
Closing Date: Q1, 2016
Realization Date: Q4, 2021
Project Info
- Located directly across from the main entrance to the University of Miami in Coral Gables, FL on US 1
- The development entailed the demolition of an existing hotel and the ground-up development of a new mixed-use complex encompassing the independently branded Thesis Hotel (with 264 rooms and over ~2,500 SF of meeting space), ~200 luxury multifamily rental units, and a parking garage with more than 600 spaces
- Property also includes two award-winning restaurants by celebrated chef Niven Patel: Orno and Mamey
- More than 25,000 square feet of retail and office programming leased to the University of Miami and other tenants
