WD Capital arranges $85.5M for Miami Design District project
WD Capital Group arranged $85.5 million in construction financing for MIRAI, a mixed-use development in Miami’s Design District. The deal underscores ongoing lender demand for distinctive projects in one of South Florida’s tightest luxury real estate markets.
Why it matters: - The $85.5 million financing gives MIRAI the capital support needed to move through construction in Miami’s Design District. - The deal signals continued lender appetite for premium South Florida projects with strong sponsorship and differentiated design. - Miami’s Design District remains a high-demand submarket where new large-scale development opportunities are limited.
What happened: - WD Capital Group arranged $85.5 million in construction financing for MIRAI, a mixed-use development in Miami’s Design District. - The financing was structured to support construction while preserving flexibility through the development cycle. - Eduardo Pelaez, principal at WellDuo, said the financing marks a milestone for MIRAI and reinforces the project’s long-term outlook.
The details: - MIRAI will include about 65,000 square feet of mixed-use space. - The project pairs curated luxury retail at street level with Class A office space above. - MIRAI is the first mixed-use development in the United States designed by Kengo Kuma and Associates. - Kengo Kuma and Associates is known for an architectural approach centered on natural materials, craftsmanship and harmony with the environment. - WD Capital Group described the transaction as another major financing in South Florida’s luxury real estate market. - Emile Schachter, managing principal at WD Capital Group, said lenders continue to favor institutional-quality projects in Miami’s most established submarkets.
Between the lines: - The financing reflects a market that is still selective, but willing to fund projects that stand out on design, location and sponsorship. - Miami’s Design District is drawing support from luxury retail demand, residential growth, international tourism and corporate migration to South Florida. - The combination of limited development sites and high-end demand makes architecturally distinct projects more attractive to lenders, investors, retailers and office users.
What's next: - MIRAI will proceed toward construction with financing in place. - The project is positioned to add another high-profile mixed-use destination to the Design District. - WD Capital Group said its advisory work continues across debt placement, structured finance and equity solutions for commercial real estate clients nationwide.
The bottom line: - In a selective lending market, premium Miami developments with standout design still can attract major financing.
Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.
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