West Palm Beach-based real estate firm Shoreham Capital has broken ground on Siesta Lakes, a 412-unit Class-A rental community in Cape Coral, Florida, in partnership with Bridge Investment Group and Wynkoop Financial. The team secured a $66 million construction loan, and Curran Young Construction (CYC) has been selected as the general contractor. The project is expected to be completed by Q2 2025.
Victory Park is presently looking for trade partners to build a hotel, a six-story Wyndham Garden Hotel. That aspect will comprise more than 75,000 square feet of new construction, offering 125 rooms.
West Palm Beach-based real estate developer Shoreham Capital, in partnership with Salt Lake City-based Bridge Investment Group and Denver-based Wynkoop Financial, announce the acquisition of a 26-acre development located at 186-264 Tierra De Paz Loops in Cape Coral, Florida. The planned $120 million development, dubbed Siesta Lakes, will be a Class-A residential rental community. Current plans for Siesta Lakes include 412 apartment units comprising one-, two-, and three-bedroom floor plans, with each residence having a private balcony, as well as open concept living areas and high-end finishes. Amenities will include a gym, pool, dog park, pickleball courts, business center, and more. Construction is slated to begin in Q4 2022.