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Mira Townhomes closes a $13.8M construction loan

MIRA Sav Property closed a $13.8 million construction loan on October 9 for the planned 149-unit Mira Townhomes development at 1025 West Gwinnett Street.

Official project rendering shown on Spandrel Development Partners' 1025 West Gwinnett Street project page.
Project renderingOfficial project rendering shown on Spandrel Development Partners' 1025 West Gwinnett Street project page.Spandrel Development Partners / official project rendering

Published Oct 13, 2026

MIRA Sav Property closed a $13.8 million construction loan on October 9 for the planned 149-unit Mira Townhomes development at 1025 West Gwinnett Street.

The financing moves a large rental-townhome plan in Savannah's Canal District from a funded joint venture to a closed construction loan, with the first $5.05 million already advanced.

What to watch

The filing does not establish that site work has begun; the next verifiable milestone is a construction start or permit-stage update.

LocationCanal District, Savannah
JurisdictionCity of Savannah
Homes149
Investment$13,800,000
ScopeNeighborhood
StageMajor Funding
LinksMira Townhomes · October 13 SEC filing
Sources and documents2 sources
↗ sec.gov↗ spandreldevelopment.com

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