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