C4 12 21 2023 commercial observer

The Commercial Observer

Real estate firms Sumaida + Khurana and Bizzi + Bilgili have secured $47.25 million in construction financing for The Fifth Miami Beach, Commercial Observer can first report.

The five-story project designed by Spanish architect Alberto Campo Baeza is the first office development to be built in Miami Beach’s swanky South of Fifth neighborhood in decades. It will be Campo Baeza’s first Miami project and first commercial building in the United States.

Cain International provided the funding for the 62,202-square-foot building at 944 Fifth Street, which broke ground in May of this year is nearly 20 percent pre-leased, according to the developers.

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