Developers Secure $145 Million for Riverside Wharf Project

A trio of developers locked in funding to move the mixed-use Miami River site into vertical construction.

Updated on Oct. 26, 2026 in Construction

Bold flat-color editorial illustration showing stylized, abstract crane armatures and geometric foundation blocks representing a major urban development project. — Driftwood Capital, MV Real Estate Holdings, and Merrimac Ventures secured $145 million in financing to begin vertical construction on Miami’s Riverside Wharf. AI Illustration. Upload story photo >

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Driftwood Capital, MV Real Estate Holdings, and Merrimac Ventures secured a $145 million construction loan from Centennial Bank to advance the Riverside Wharf project. The funding initiates vertical construction on the massive two-tower, nine-story development along the Miami River.

Why it matters

The financing marks a transition from initial planning to active construction for the $350 million complex. It brings the developers closer to their goal of establishing a prominent hospitality and dining destination on the waterfront.

The development spans 200,000 square feet and includes a 167-key Dream Hotel. Planned features include a 30,000-square-foot nightclub, a 12,000-square-foot event hall, and 16,000 square feet of restaurant space.

The players

Driftwood Capital

This investment firm is a key development partner for the project and specializes in hospitality assets.

Centennial Bank

The institution provided the $145 million construction loan necessary to move the project to its vertical phase.

Moss Construction

This firm serves as the general contractor responsible for the execution of the building plan.

Jon Cardello

The architect at CUBE 3 Architects led the design process for the two-tower Miami River complex.

The details

General contractor Moss Construction will lead the build for the two-tower complex, which also incorporates an expansion of The Wharf Miami and a new public riverwalk. The project was designed by Jon Cardello of CUBE 3 Architects.

The Riverside Wharf development is scheduled for completion in fall 2028.

Market Landscape

This project represents a significant expansion of the commercial density and public access infrastructure currently being built out along the Miami River waterfront redevelopment corridor. It marks an effort to capitalize on the increasing demand for luxury hospitality and entertainment in the city.

Local residents and visitors can expect the eventual addition of new restaurant spaces, a nightclub, and a public riverwalk to the area. The site is expected to become a major entertainment destination once it opens in 2028.

The takeaway

Large-scale hospitality projects often rely on multi-firm partnerships and significant private debt to move from the drawing board to the construction site. Local residents should track the timeline of public amenities like the riverwalk as the 2028 completion date approaches.