TREO Group secures financing for Miami project

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TREO Group secures financing for Miami project

By Jennifer Setteducato - 09/28/2018
Miami-based TREO Group has secured a loan for in excess of $30 million from FirstBank of Florida for construction of Regatta Harbour in the Coconut Grove section of Miami.

The mixed-use project on Dinner Key will feature more than 100,000 sq. ft. of retail and services. In the plans are three waterfront restaurants, rooftop event space overlooking Biscayne Bay, a 253-space parking garage, and a marina with dry storage slips for some 400 vessels.

The first continental naval air station operated on Dinner Key from 1918 until the 1930s, and TREO will take advantage of the historical connection to theme the site. Hangars will be renovated to accommodate a food hall, a specialty market, and a fitness or entertainment concept.

TREO principal Otto Boudet-Murias said that the loan will enable the construction of a “momentous project that will breathe new life into the vibrant waterfront destination and create an around-the-clock, upscale locale for community members and visitors to dine, shop, and relax.”

The retail area is set to open in the summer of 2019, with the restaurants following in 2020. Commercial leasing is being handled by the Koniver Stern Group.