MIAMI | 145 Southwest 11th Street (Hotel Indigo) | FT | 24 FLOORS

chris08876 · #1 Posted **Oct 19, 2015, 9:09 PM**

Quote:

The developer behind the planned Hotel Indigo in the Brickell area closed on $34.5 million in financing from Ocean Bank on Friday. West Brickell Hotel LLC, led by Pedro F. Villar, is the developer behind the 140-key hotel and restaurant. Indigo, which is part of the InterContinental Hotel Group, will brand the hotel. The LLC is a joint venture between HES Group and Sunview Companies, IHG previously announced.

The 24-story project, at 145 Southwest 11th Street, will also include an additional 90-room extended stay Sojourn Hotel. West Brickell Hotel paid $3.1 million for the property in 2013, according to Miami-Dade County records. It’s located within walking distance of the Aloft Miami-Brickell, which Sunview developed, as well as the Brickell Metrorail station. Homewood Suites has also entered the Brickell market. It opened at 1750 Southwest First Avenue in July.

The Indigo, a $48 million project, will include 2,000 square feet of meeting space, a gym, and outdoor pool with a bar and grill. It’s seeking LEED certification.

Ocean Bank senior vice president and regional manager Jorge Hernandez and executive vice president Ralph González-Jacobo arranged the financing on behalf of the bank. Villar and Francisco Arocha represented the developer. Holland & Knight attorneys Josias Dewey, a partner, and Elena Otero, an associate, advised Ocean Bank.

A Hotel Indigo in Miami’s Dadeland area, now operating as Miami Dadeland Hotel, sold for nearly $19 million in June. Currently, the boutique hotel brand only operates in Miami Lakes, at 7601 Miami Lakes Drive.

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http://therealdeal.com/miami/blog/20....Tpj3LRY6.dpuf

chris08876 · #2 Posted **Oct 22, 2015, 5:38 PM**

Larger Rendering:

Also, this should break ground in the next 2 weeks.

Credit: http://www.sunviewcompanies.com/indigo-miami-brickell/

chris08876 · #3 Posted **Apr 13, 2016, 5:24 PM**

Under Construction

Indigo Hotel Construction Brickell by Phillip Pessar, on Flickr

chris08876 · #4 Posted **May 10, 2016, 6:59 PM**

Indigo Hotel Construction Brickell by Phillip Pessar, on Flickr

Formwork · #5 Posted **May 20, 2016, 8:23 PM**

Any idea who is building this project? Anymore Pictures?

chris08876 · #6 Posted **Jun 15, 2016, 12:11 AM**

Indigo Hotel Construction Brickell by Phillip Pessar, on Flickr

chris08876 · #7 Posted **Jul 19, 2016, 1:21 AM**

Indigo Hotel Brickell Construction by Phillip Pessar, on Flickr

hotwheels · #8 Posted **Jul 22, 2016, 8:51 PM**

Steady Construction at Hotel Indigo Site

Quote:

A joint venture between HES Group and Sunview Companies is giving way to a 24-storey tower to be operated by InterContinental Hotels Group’s Hotel Indigo brand. The project is located in Miami's Brickell neighbourhood, traditionally known as 'Millionaire's Row' and now one of the most prominent financial districts in the country.