The Short Answer
The HueHub closes its roughly $600 million construction loan in 2027 at the earliest. Five documents have to change first: a lender's signature, a litigation standstill, a signed master lease, a cost base reconciling the loan to the programme, and a construction contract with a named contractor. Four of the five sit with the developer. The fifth sits with a credit committee.
The File Through August 2026
The project is an $880 million, seven-tower development of 4,032 studio, one- and two-bedroom residences on 12 acres at 8395 NW 27th Avenue in West Little River, designed by Arquitectonica, developed by Pablo Castro of Urban Network Capital with Laura Tauber, and approved by Miami-Dade County in August 2025 under the Live Local Act. The tracker publishes roughly 200,000 square feet of amenities and a completion target of the second quarter of 2028.
Four dated milestones follow. March 2026: demolition under way, no vertical date. June 2026: the $600 million loan from a New York lender still unclosed, three suits active, no vertical date. July 2026: a close targeted at about 60 percent loan-to-cost by month end. August 2026: a lender revokes its term sheet, the July groundbreaking does not happen, and counsel Bilzin Sumberg moves to withdraw from the Tauber litigation.
A Revoked Term Sheet Is a Credit Decision
Bisnow reported the revocation on 4 August 2026 from Miami-Dade Circuit Court filings. Bilzin Sumberg attorneys Mitchell Widom, Raquel Fernandez and Michael Morgan moved to withdraw from the Tauber case. Tauber's counsel said Widom asked to pause the case because an undisclosed construction lender had revoked its term sheet, and that Widom said the project now had "much less value." Alan Kluger, for Tauber, asked for documentation and received none. Castro declined to comment on the withdrawal and on the lender claim.
The developer told The Real Deal in May that they planned to break ground in July. That did not happen.
The Litigation a Credit Committee Reads
Tauber sued Castro in March 2026, claiming he forced her out of the project and left years of work unpaid. She states she would be owed up to $150 million if the project is built. A former architect sued over unpaid bills. The Miami Gardens Chamber of Commerce alleges Castro misappropriated trade secrets. Judges denied Castro's motions to dismiss the latter two. The withdrawal gives Castro 45 days to retain new counsel, and Bilzin Sumberg would be his fourth firm.
A $150 million claim from a former partner sits against an $880 million programme, and the completion guaranty has to come from a guarantor in active litigation.
What the Statute Did Supply
Section 125.01055(7)(a) of the Florida Statutes, 2026 text, requires a county to authorize multifamily and mixed-use residential use in commercial, industrial and mixed-use zones where at least 40 percent of residential units are rental units affordable for at least 30 years. It bars the county from requiring a zoning change, special exception, conditional use approval, variance or comprehensive plan amendment for the height, zoning and density the subsection authorizes. It also requires at least 65 percent of total square footage in a mixed-use residential project to be residential.
The record leaves the affordability side untested. Bisnow describes the statute as requiring 40 percent of units affordable to households up to 120 percent of area median income. The project file publishes no restricted-unit count, no income band and no compliance period, so the 40 percent condition cannot be checked against the 4,032 units from this record.
The Union Agreement Has to Become a Rent Roll
Bisnow reports an August 2025 agreement to dedicate the majority of the units as fully furnished, at fixed rents for 10 years, to Miami-Dade firefighters, police officers and county employees. Florida YIMBY puts the committed set at approximately 3,000 units at base rental rates for first responders and essential workers, with planned pricing at $1,300 for studios, $1,600 for one-bedrooms and $1,900 for two-bedrooms. The developer's own site advertises residences "from $1,327/month" under a 2025 copyright line that still carries "Reservations Open January 2026."
The dedication becomes collateral at the signature of a master lease. A master lease carries a named tenant, a term, a rent schedule and a deposit. Until that signature the agreement carries no rent roll a credit committee can underwrite.
The Cost Base the Target Implies
A 60 percent loan-to-cost target against a $600 million loan implies total cost of roughly $1 billion. The published programme is $880 million. Set the loan against the programme and it runs at about 68 percent. Either the cost base is larger than the programme figure or the loan is sized on a number the file has not published.
Counting to the Second Quarter of 2028
Twenty-two months separate the August 2026 record from the second quarter of 2028. Across seven towers, 4,032 residences works out at 576 per tower, 336 homes per acre on 12 acres, and about $218,000 of stated programme value per residence. The file publishes no phase schedule, no tower sequence, no general contractor and no first-occupancy date.
Five Conditions Before the First Pile
First, an executed construction loan with a closing date. Second, a litigation standstill or settlement that takes the Tauber claim off the borrower's balance sheet. Third, a signed master lease with a rent schedule attached. Fourth, a sources-and-uses statement with sponsor equity evidenced. Fifth, a fixed-price construction contract with a named contractor under a performance bond.
The Call on the Vertical Phase
The vertical phase starts when a lender signs on the same page as a litigation settlement, and 2027 is the realistic window for that pair. A 2027 close puts first occupancy in 2029 or later. The second quarter of 2028 stays on the tracker as a stated target that the construction record no longer supports.