BB&T Provides $12.8 Million Construction Loan for Retail Portion of Mixed-Use Development in Metro Miami

by Alex Tostado

Hialeah, Fla. — BB&T has provided a $12.8 million construction loan for the retail portion of Pura Vida, a mixed-use development in Hialeah. Coral Rock Development Group and Arena Capital Holdings are developing Pura Vida, which will feature three out parcels totaling 40,000 square feet of retail space, in addition to 11,000 square feet of ground-floor retail space within the residential component. Confirmed retail tenants include a Wawa convenience store and gas station, Taco Bell restaurant, Dollar Tree store and a two-story YouFit Health Club. The retail portion is expected to be complete in the second quarter of 2020.

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