A Miami developer’s program to develop a 7-story healthcare office developing in Aventura seems to be in jeopardy.
Aventura-primarily based Rok Lending previous 7 days filed a foreclosure lawsuit in Miami-Dade Circuit Courtroom against the Gomez Advancement Group entity that owns the 1.6-acre advancement website at 21291 Northeast 28th Avenue, court docket records show.
Rok Lending, the home loan arm of the Rok family members, alleges Gomez Development, a Miami-dependent business led by principal Marlon Gomez, defaulted on a $15 million bank loan issued in April of last year. Gomez Enhancement stopped building month to month payments in July, the lawsuit alleges.
Rok Lending’s law firm, Daniel Lavin, did not reply to an electronic mail ask for for remark. In an electronic mail, Marlon Gomez claimed his organization has identified a personal lender to refinance the Rok Lending financial loan.
“Despite troubles in the commercial business office true estate current market, we invested tens of millions of our personal money into this challenge,” Gomez mentioned. “We are communicating brazenly with our recent lender irrespective of any statements staying produced. We have effectively repaid in excess of $100 million in financial loans earlier in the last couple a long time and program to do the identical with this 1.”
In 2021, Gomez Advancement paid out $19 million for the enhancement internet site, information clearly show. The similar year, the organization landed a $45 million building personal loan from Parkview Fiscal to create a 142,000-sq.-foot medical office setting up. At the time, Marlon Gomez mentioned the challenge would be completed in 2022.
In August, A.C. Schultes of Florida sued Gomez Development for allegedly failing to pay out $155,100 for providing disposal wells at the advancement website, court docket records. The lawsuit was settled in January. The phrases had been not disclosed.
Marlon Gomez explained his company has accomplished the infrastructure and basis get the job done for the Aventura healthcare business office challenge, and lately commenced the vertical stage of development.
Rok Lending, led by CEO Bryan Morjain, not too long ago presented $10.1 million in funding for a Fort Lauderdale self-storage facility and a $5 million acquisition loan for a improvement internet site in Miami’s Small Havana, the firm’s internet site states.
Gomez Improvement is aspect of a joint undertaking that is scheduling a 50 percent-million-sq.-foot challenge with up to 425 flats and ground-floor retail in Miami’s Spring Backyard garden community. The partnership compensated $17 million for the advancement website around the Miami Wellness District and Overtown.
In 2022, Gomez Progress and its lover, Emir Dereli of the Dereli Relatives Office, sold a seven-story apartment constructing in Fontainebleau, an unincorporated neighborhood in west Miami-Dade County. Norfolk, Virginia-dependent Harbor Group Global compensated $50 million for the multifamily task known as 275 FontaineParc.
