Development Alliance has secured a $43.3 million construction loan from Ocean Bank to build Nexus Leah, an eight-story, 189-unit apartment building at 1140 East 25th Street in Hialeah. The transit-oriented project sits next to the Tri-Rail/Metrorail transfer hub and is scheduled to wrap up in early 2028. Plans call for a fitness center, co-working spaces, an elevated pool deck with a lanai, and an indoor children’s play area.
Loan Details and Project Amenities
According to ConnectCRE, Ocean Bank provided the $43.3 million in construction financing, with the loan arranged by Jose Lopez, Jesse James Herrera and David Van Sky. The site spans roughly 1.14 acres, and the developer is pitching the building to renters who want easy commuter access paired…..