Moxy Hotel in Wynwood to break ground after developer obtains $35M loan

December 6, 2021

The Moxy Hotel will soon break ground in Miami’s Wynwood Arts District after the developer obtained a $35 million construction loan.

BI 71 LLC, an affiliate of Miami-based lender BridgeInvest, provided the loan to Wynwood Hospitality Holdings LLC, an affiliate of Miami-based Baywood Hotels, led by Chirag Desai. It covers the 16,400-square-foot site at 255, 275 and 281 N.W. 25th St.

See the full article on South Florida Business Journal.

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