Driftwood Capital Closes $145 Million Construction Loan for Riverside Wharf

November 10, 2026

MIAMI — Driftwood Capital, in partnership with MV Real Estate Holdings and Merrimac Ventures, recently closed on a $145 million construction loan from Centennial Bank for Riverside Wharf, a $350 million hospitality and entertainment development on the Miami River.

The financing will support vertical construction of the nine-story, two-tower project, which is expected to include a 167-key Dream Hotel.

Located at 114 Southwest North River Drive, Riverside Wharf is planned to span about 200,000 square feet and include a 30,000-square-foot nightclub, rooftop pool day club, 12,000-square-foot event hall and 16,000 square feet of restaurant space.

Plans also call for the return and expansion of The Wharf Miami, a publicly accessible riverwalk, a seawall and a pop-up location for Garcia’s Fish Market.

Jon Cardello of CUBE 3 Architects is leading the design, with Gensler completing construction documents and ICRAVE overseeing interiors. Moss Construction is serving as general contractor. Completion is scheduled for fall 2028.

“Riverside Wharf is designed to bring together hospitality, dining, entertainment and waterfront access in a single development,” said Carlos Rodriguez Jr., president and CEO of Driftwood Capital. “Closing this financing is an important step as construction progresses.”

Driftwood is a vertically integrated commercial real estate investment firm focused on hospitality. As of June 2026, the company and its principals and subsidiaries had transacted on more than $5 billion in hospitality assets.