Concord Summit Capital has closed $122 million in financing for a 55-plus rental community under construction in Port St. Lucie. The package includes a $95 million construction loan from Madison Realty Capital and $27 million in mezzanine debt from an undisclosed lender for the developers of the 415-unit Encore at Tradition, located at 8500 Southwest America Walks Boulevard. The financing was arranged by Concord Summit Capital advisors David Larson, Daniel Eidson, and Keegan Burger. The project is being developed by America Walks at Port St Lucie, LLC, a partnership between
By 2025, Fort Lauderdale could be home to an exciting luxury venture: 3000 Waterside. The community, measuring 15 stories, will offer 103 residences. The 100 condos will measure 1,559 square feet to 4,817 square feet, and the three three-bedroom townhomes will measure 3,064 square feet to 3,156 square feet.
Anticipation is building for the forthcoming construction of Bentley Residences, a groundbreaking Bentley-branded residential tower set to grace the shores of Sunny Isles Beach. Scheduled to break ground later this year, the tower has unveiled a strategic partnership with Douglas Elliman Development Marketing, a move aimed at amplifying this opulent beachfront condominium’s sales and marketing endeavors. This dynamic collaboration, combined with Dezer Platinum Realty’s leadership as the building’s lead brokerage, has rapidly propelled Bentley Residences to the forefront of Miami’s real estate scene following its sales debut in early 2022. The ingenious auto-inspired concept, conceived by Dezer Development, has sparked substantial interest, heralding a new era in Miami’s real estate horizon. The forthcoming construction milestones, including the imminent demolition of the existing site and the eagerly awaited groundbreaking, will fortify Bentley Residences’ positioning for success.
The last phase of construction has finally ended on The Easton Riverview, a luxury multi-family housing development in Hillsborough County, FL. The $33 million project offers 300 homes spread across 12 three-story buildings.
BGI Companies and Blue Road Group have broken ground on Alba Palm Beach, a 22-story waterfront residential condominium development located at 4714 North Flagler Drive in West Palm Beach. Designed by locally-based Spina O’Rourke + Partners with Schmidt Nichols as the landscape architect, the 262-foot-tall structure will deliver a collection of 55 boutique luxury residences, including a limited collection of four unique two- and three-story townhomes, each with unobstructed views of the serene Intracoastal Waterway and private plunge pools. Ortega Construction Company is the project’s general contractor, estimated to reach completion in 2025.