DLA Piper advises Shorenstein in purchase and financing of office, retail and parking at MiamiCentral Station

DLA Piper represented Shorenstein in the purchase and financing of the 2MC North Office Element and the 3MC Office, Retail and Parking Elements within MiamiCentral Station, a nine-acre mixed-use railroad station development complex known as Virgin MiamiCentral in downtown Miami.

MiamiCentral Station serves Virgin Trains USA higher-speed rail, formerly known as Brightline, connecting Miami, Fort Lauderdale and West Palm Beach. The transaction involved obtaining financing in the amount of US$126 million, an evaluation of complex commercial condominium issues and the review of municipal and state railroad easements and approvals.

The DLA Piper team included partners Chris M. Smith, David Berlyne, Jeffrey Salinger (all of New York) and Ryan Girnun (Miami); attorney Jo Spear (Miami); and associates Genta Stafaj, Samuel Grubner and Samantha Hechler (all of New York).