Aztec Arranges $30 Million Construction Loan for the Shoppes at Civica

by Nate Hunter

Miami — The Shoppes at Civica will be a 50,000-square-foot retail and entertainment complex upon opening in mid-2015.

Miami — Aztec Group Inc. has arranged a $30 million construction loan for the Shoppes at Civica, a two-story, 50,000-square-foot retail and entertainment complex located in Miami’s Health District. The property will feature international retailers, food and beverage options and entertainment venues. Phase I of the development is slated to open in mid-2015. Demolition of the existing property has begun, and vertical construction of the project will begin in early 2014.

Howard Taft and Charles Penan of Aztec arranged the loan through Sabadell United Bank on behalf of the borrower, the Swerdlow Group.

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