Hines Lands $220 Million Construction Loan For First Phase Of FAT Village In Fort Lauderdale

In a landmark development for Fort Lauderdale’s urban fabric, a groundbreaking mixed-use project in the downtown area has recently obtained a substantial $220 million construction loan. This crucial funding, provided by Little Rock, Arkansas-based Bank OZK on December 26, is set to support FAT Village Project LLC, a Houston-based real estate development company Hines subsidiary. This development marks a significant step forward for the project, reflecting the burgeoning vitality of Fort Lauderdale’s real estate sector.

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Meyers Accesso Acquires ‘The Atrium at Broken Sound’ Office Property In Boca Raton

Meyers Accesso, a leading developer of high-quality mixed-use and residential properties, recently announced the acquisition of The Atrium at Broken Sound, a nearly 100,000-square-foot, Class-A office property located at 6111 Broken Sound Parkway NW, within The Park at Broken Sound mixed-use development in Boca Raton, Florida. The Park at Broken Sound is a robust, 700-acre commercial and residential hub with walkable proximity to numerous retail developments, residential communities, and high-quality amenities.

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YMCA Of The Palm Beaches Breaks Ground On $45 Million Community Center In West Palm Beach

The YMCA of the Palm Beaches recently initiated the construction of a $45 million sports and community gathering facility in West Palm Beach. This flagship YMCA branch, situated in Lake Lytal Park at 3645 Gun Club Road, near Palm Beach International Airport’s south side, is set to encompass 55,000 square feet. The YMCA, a nonprofit organization, has already secured 60% of the $35 million required for construction and is actively seeking a naming sponsor. The project also benefits from financial support from Palm Beach County’s Parks and Recreation Department, as it is located within a county park.

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