A developer of the Legacy Hotel & Residences within the Miami World Center mixed-use project in Miami Florida obtained a $340 million construction loan to move the development forward. Silverstein Capital Partners, issued the construction load to Royal Palm Cos for the 1.53-acre property at 942 N.E. First Ave. The developer can use the construction loan to bring the project to completion, which is scheduled for 2024. Legacy will rise 50 stories, with 310 branded condos available for short-term rentals, a 219-room hotel, and the 120,000-square-foot health and wellness center. The latter component was pre-leased for 10 years to Blue Legacy Ventures, a joint venture between Royal Palm Cos. affiliate Legacy Medical Holdings and Adventist Health. It will be operated through its Blue Zones preventative health care subsidiary. The hotel will be operated by Accor under the Morgan’s Originals portfolio. Amenities will include a one-acre pool deck with three pools, a rooftop pool, and a seven-floor rooftop atrium with a restaurant, bar and lounge. There would be many health-focused features in the building, such as medical-grade air filtration systems, voice-activated elevators, touchless room key access, and cleaning robots. Kobi Karp Architects, Design Agency, and ID & Design International are among the firms working on design of the tower. Moss & Associates is the general contractor.  
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