The River Landing mixed-use project along the Miami River received a $38.19 million construction loan shortly after the developer acquired the property.
River Landing Development recently bought the property at 1400, 1420 and 1500 Northwest North River Drive for $26 million from the Mahi Shrine.
The $150 million project on about nine acres would include 440 residential units, 537 square feet of retail and a public park alone the river. The Miami City Commission already approved it.
It’s near the Health District around Jackson Memorial Hospital and the University of Miami medical campus.