Bank Of America Provides $84 Million Construction Loan For Fort Lauderdale’s Upcoming Second Tallest Tower
Construction financing has been attained for Fort Lauderdale’s upcoming second tallest tower RD Las Olas, a 47-story mixed-use building planned to rise 494-feet above ground, or 499-feet above sea level, addressed as 201 South Federal Highway and 227 South Federal Highway in Las Olas. Bank Of America is providing an $84 million loan to prominent Coconut Grove-based developer the Related Group, working under an affiliate company referred to as RD East Las Olas LLC, to build the tower. CFE Architects is listed as the design architect, with Moriarty Construction as the general contractor.