The 74-story mixed-use property will be the tallest building in Texas when it comes online in 2026.
The financing package for 5 Times Square is one of three major loans originated on offices in the submarket in the past few months.
The firm’s total construction lending this year tops $1.6bn.
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The firm recently arranged a $230m refinancing for a Lower Manhattan residential tower.
The Irvine, California-based manager thinks the slowdown could be a sign of things to come.
The Colliers-arranged financing underscores the push to convert office space into new uses.
The mixed-use development includes C-PACE and pref equity components to complete the capital stack.
The manager has been building its presence in the South Florida submarket.
Debt funds and other alternative managers see room to fill the void where banks have pulled back.
Namdar Group will use the financing for a residential tower acquisition, construction.