A lender behind the first branded skyscraper from Mercedes-Benz in Miami filed a foreclosure lawsuit against the project's developer, JDS Development Group, alleging loan default. But JDS says the matter is routine and the company is on the verge of securing new financing.
Developer to finalize financing for Mercedes-Benz tower in Miami after foreclosure suit
JDS Development Group says construction timeline for mixed-use project remains unchanged
CoStar News
April 6, 2026 | 11:41 P.M.
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IN THIS ARTICLE
- Properties
- Mercedes-Benz Places
191 12th St, Miami, FL
- Companies
- JDS Development Group
Real Estate
- Cottonwood Management, LLC
Real Estate