JPMorgan largesse for Miami Freedom Park

Article posted by Coliseum, May 12^th, 2025

Image: Inter Miami

Three investors – Ares Management, the former English footballer David Beckham and the billionaire Jorge Mas – have scored a $450 million construction loan for a mixed-use development with a soccer stadium in Miami (US) even as the project faces legal challenges.

‘globest.com’ stated that the 25,000-seat soccer stadium, which is a part of the $1 billion Miami Freedom Park development, is under construction. The American multinational finance corporation – the JPMorgan Chase Bank – has provided the financing for what marks the biggest construction loan given out in South Florida (US) thus far in 2025.
Los Angeles (US)-based the Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate, and infrastructure asset classes.

David Beckham is an English former professional footballer and the President and Co-Owner of the Major League Soccer (MLS) team Inter Miami CF.

Jorge Mas Santos is an American billionaire businessman and the Chairman and largest shareholder of MasTec, a Miami-based construction and engineering company. He is also the Managing Owner of Inter Miami CF.

The Miami Freedom Park is a mixed-use development and special area plan (SAP) to redevelop the Melreese Golf Course in Miami, Florida (US). The project includes a new 25,000-seat stadium which is currently under construction for the MLS team Inter Miami CF, a public park, entertainment zones, hospitality venues, and other commercial uses. The development is slated to open in 2026.

The Major League Soccer (MLS) team Inter Miami CF is an American professional soccer club based in the Miami Metropolitan area. The club competes in Major League Soccer (MLS) as a member of the Eastern Conference. The Inter Miami play their home matches at the Chase Stadium with plans to move to the Miami Freedom Park in 2026.

The Chase Stadium is a soccer-specific stadium in Fort Lauderdale, Florida, United States. The 21,550-seat stadium is the home pitch of the Inter Miami CF of Major League Soccer (MLS).

New York (US)-based JPMorganChase is one of the world’s oldest, largest and best-known financial institutions – carrying forth the innovative spirit of our heritage firms in global operations across 100 markets.

‘globest.com’ further stated that the loan will cover the retail spaces, concessions and entertainment in addition to the stadium that will serve as the new home to the Inter Miami CF which is headlined by soccer legend Lionel Messi and owned by Mas and Beckham.

It comes as the project’s development group, the Miami Freedom Park LLC, was sued by the Hunt Construction Group for claims over not paying for the pre-construction services that amounted to $590,000.

Indianapolis (US)-based the Hunt Construction Group, now part of AECOM (the American multinational infrastructure consulting firm), is a construction company that provides a range of services including construction management, general contracting, design-build, and consulting.

The other specific parts of the Miami Freedom Park will include 400,000 square feet of office space, a 750-room hotel, dining options, and 600,000 square feet of total retail space. According to the officials the Phase One of the leasing on the 58-acre site is underway. Once the development is complete the stadium will host concerts, soccer games and corporate and special events.

Currently, the Inter Miami is playing under a 50-year lease deal at the Chase Stadium.

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