{"id":243109,"date":"2026-04-23T11:26:08","date_gmt":"2026-04-23T11:26:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/243109\/"},"modified":"2026-04-23T11:26:08","modified_gmt":"2026-04-23T11:26:08","slug":"adela-on-the-park-gets-123-8-million-in-financing-at-6445-ne-7th-ave-miami-florida","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/243109\/","title":{"rendered":"&#8216;Adela on the Park&#8217; Gets $123.8 Million in Financing at 6445 NE 7th Ave., Miami, Florida"},"content":{"rendered":"<p> <img width=\"777\" height=\"383\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-22-at-4.17.03-PM-777x383.png\" class=\"u-photo wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\"  \/>Adela on the Park marks the second phase of Adela at MiMO Bay (pictured). Image from Google Earth<\/p>\n<p class=\"entry-meta\"> By: <a rel=\"author nofollow noopener\" class=\"fn p-author h-card\" href=\"https:\/\/floridayimby.com\/author\/colt\" target=\"_blank\">Colt Dodd<\/a> 7:00 am on April 23, 2026<\/p>\n<p>Real estate developer ACRE has received funding for the second phase of Adela at MiMO Bay in Miami. Canyon Partners Real Estate provided the $123.8 million senior loan.<\/p>\n<p>Adela on the Park will comprise exactly 282,611 rentable square feet, offering 327 residences. Twenty homes will be designated as affordable housing; <a href=\"https:\/\/www.miamidade.gov\/global\/permit.page?Mduid_permit=per1577137594622414\" rel=\"nofollow noopener\" target=\"_blank\">Miami-Dade County<\/a> notes that affordable housing is typically reserved for households earning at or below 140 percent of the area median income (AMI).<\/p>\n<p>In-unit features are set to include luxury plank flooring, private balconies, and stainless-steel appliances. Residents would also have access to various indoor and outdoor amenities, which include a rooftop swimming pool, co-working space, and fitness center.<\/p>\n<p>However, Adela on the Park is more than its residences and amenities; the project is also set to include 6,000 square feet of ground-floor retail and 522 parking spots. As noted, Adela on the Park is the second phase of Adela at MiMO Bay. The latter venture completed construction in 2020; <a href=\"https:\/\/www.multihousingnews.com\/acre-secures-124m-for-miami-mixed-income-project\/\" rel=\"nofollow noopener\" target=\"_blank\">Multi-Housing News<\/a> reports that as of 2024, the 236-unit project was 94.9 percent occupied.<\/p>\n<p>Adela on the Park is located at <a href=\"https:\/\/maps.app.goo.gl\/vHjuNaq3D9duZYWp6\" rel=\"nofollow noopener\" target=\"_blank\">6445 NE 7th Ave., Miami, Florida, 33138<\/a>, in Miami-Dade County.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><\/p>\n<p style=\"display: inline;\">. <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Adela on the Park marks the second phase of Adela at MiMO Bay (pictured). Image from Google Earth&hellip;\n","protected":false},"author":2,"featured_media":243110,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226],"class_list":{"0":"post-243109","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hialeah","8":"tag-hialeah","9":"tag-hialeah-headlines","10":"tag-hialeah-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/243109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=243109"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/243109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/243110"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=243109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=243109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=243109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}