Inter Miami’s New Stadium Scores $450M Loan, Biggest in South Florida This Year
May 2, 2025
A partnership led by billionaire Jorge Mas, soccer icon David Beckham, and Ares Management has secured a $450 million construction loan to develop Miami Freedom Park. This $1 billion mixed-use project will include a new Inter Miami soccer team stadium.
The financing provided by JPMorgan Chase Bank is the largest construction loan issued in South Florida so far in 2025. It is backed by the stadium and surrounding amenities, including entertainment venues, retail stores, and concession areas. The project is underway on a 58-acre site at 1400 Northwest 37th Avenue, which the developers are leasing from the City of Miami.
Designed by Arquitectonica, a firm based in Coconut Grove, Miami Freedom Park will feature a 25,000-seat stadium, a 750-room hotel, 400,000 square feet of office space tailored for tech firms, and 600,000 square feet of retail and restaurant offerings. The stadium’s groundbreaking occurred in 2023, and the venue is expected to open for the 2025 MLS season. Inter Miami’s roster includes international stars such as Argentine legend Lionel Messi.
Inter Miami plays at Chase Stadium in Fort Lauderdale, a 21,550-seat venue owned by that city. The club operates under a 50-year lease agreement until the Miami facility is complete.
Despite the project’s momentum, the development has faced challenges. In February, Hunt Construction Group filed a lawsuit against Miami Freedom Park LLC, alleging it was owed $590,000 for preconstruction services.
The project has deep roots in public support. In 2018, Miami voters approved the plan through a citywide referendum. By 2022, the Miami City Commission had greenlit a 99-year lease and a development agreement to convert the city’s Melreese Golf Course into the stadium complex. Zoning changes were also approved that year to allow for various commercial uses.
The $450 million loan surpasses another significant financing milestone in Miami this year — the $413 million construction loan secured by PMG for its One Twenty Brickell Residences project in Brickell.