Concord Summit Capital, LLC (Concord Summit) arranged a $16 million bridge loan to refinance and expand the Bed Bath & Beyond Plaza located at 14802 South Military Trail in Delray Beach, Florida. The sponsor, Berta Management of Florida, will use the money to construct a new Starbucks store, provide for capital improvements and pay off existing debt.
Philadelphia-based developer Stamm Development has broken ground on Serene Villas, a new residential community of six ultra-luxury townhouses in the early stages of construction at 1236 George Bush Boulevard in Delray Beach. The design for the project was envisioned by Randal Stofft of Delray Beach-based Stofft Cooney Architects, paired with interiors by award-winning design studio Asthetique. The interior lot spans nearly 0.62 acres, or precisely 26,907 square feet, and is mainly bound by George Bush Boulevard on the north with the other ends of the city block being North Ocean Boulevard on the East, Southways on the South, and Andrews Avenue on the West.
Thanks to a generous donation from philanthropists Toby and Leon Cooperman, Boca Raton Regional Hospital will soon be home to the “Toby and Leon Cooperman Medical Arts Pavilion.” The venture broke ground in April 2021, per Boca Voice.
Two Roads Development and Alpha Blue Ventures have officially broken ground on Forté, a new 24-story waterfront residential building at 1309 South Flagler Drive in West Palm Beach. The ceremonial event occurred on Thursday March 3, 2022, which was was attended by elected officials, community representatives and future residents. Designed by Bernardo Fort-Brescia of Arquitectonica with interiors imagined by Jean-Louis Deniot, the condominium development will boast 41 luxury residences spanning anywhere between 4,200 to 8,400 square feet, configured in three- and four-bedroom floor plans and a crown jewel six-bedroom penthouse spanning 8,900 square feet with an additional 2,000-square-foot private rooftop deck which includes a pool, summer kitchen, cabana bath and unmatched 360-degree views. Over 80% of Forté’s residences have sold, with a majority of the buyers coming from markets across the domestic U.S.
DR Horton hopes to move forward with a residential community that involves demolishing an 11,917-square-foot religious building. If approved, the complex will comprise 50 townhomes spread across multiple two-story buildings.
