The Jacksonville Business Journal reports that in a post-pandemic world, one thing is certain: vacationers want leisurely, beachfront getaways. That’s where a new Springhill Suites by Marriott in Duval County, Florida, comes in. The five-story hotel will comprise 136 rooms and more than 120 parking spots.
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.
Soltura at East Terry is coming to Bonita Springs, Florida. The “small little homes” will sit on 20 acres, according to Naples Daily News. The community will comprise horizontal apartments measuring two stories above grade.
Icon Marina Village is continuing construction in West Palm Beach, Florida. The community comprises two high-rise buildings, offering 399 luxury units. Balfour Beatty Construction, the general contractor, broke ground on the development in April 2021. In total, the project will cost $107.4 million to build.
Prima Luce is continuing construction in Fort Myers, Florida. Upon completion, the $127 million luxury complex will offer homes starting in the low $300,000s.
