BD Hotels has secured a $75 million construction loan to develop a 201-room hotel, the Nora Hotel, in the emerging NORA District of West Palm Beach. Metropolitan Commercial Bank provided the loan, which JLL’s Steven Klein and Mark Fisher arranged for financing. BD Hotels is working with NORA District master developers NDT Development, Place Projects, and Wheelock Street Capital.
Rosewood Residences at Lido Key is scheduled for completion in 2026. The complex will offer 65 condos in Sarasota, Florida. According to sources, the community will “bring a new luxury lifestyle experience to the area and the United States at large.”
Brand Atlantic Real Estate Partners and Wheelock Street Capital are proud to announce the start of construction for 300 Banyan, a 12-story boutique office development located at 300 Banyan Boulevard in the Clematis Waterfront District in West Palm Beach. Designed by Toronto-based B+H Architects Corp. and West local architect Spina ORourke + Partners, plans include 100,000 square feet of Class-A office, 15,000 square feet of private outdoor terrace space, and a 300-space parking garage. 300 Banyan is the second phase of Brand Atlantic’s two-phase, mixed-use commercial development, with 111 Olive already under construction and delivering at the end of 2022. Delivery and occupancy of 300 Banyan are scheduled for early 2024, and pre-leasing efforts for the office space will commence Q3 of 2022. Gilbane Building Co. is the general contractor.