Hyperion lands equity partner, $108M construction loan for delayed Boynton Beach apartments
Hyperion Group’s long-planned Boynton Beach apartment project got a jumpstart with a $108 million construction loan and an equity partnership with Silverstein properties. The deal comes as South Florida’s multifamily market is feeling the sting from a supply overhang following hefty completions in recent years and slower in-migration. As a result, lease-ups have slowed, concessions have increased and average rents in the region have decreased. Miami-based Hyperion and New York-based Winter Properties plan the eight-story, 371-unit luxury Ocean One building at 114-222 North Federal Highway. Madison Realty Capital provided the construction loan. Adam Doneger was part of the Newmark team […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
From weeks to minutes: How AI-native land acquisition is changing the game for homebuilders
When your AI vendor gets it wrong, you’re still responsible
Beyond the mortgage: Alex Song on how Made Card is building homeowner loyalty through everyday engagement
Who is the Best Real Estate Agent Based in Bonita Springs, FL?
Inside the ‘World’s First Human Optimization Residence’ That Is Designed to Extend Residents’ Lifespans
Tallest Building on Fifth Avenue Has Only One Unit Left for Sale
‘Elevated’ Hudson Valley Farmhouse Designed To ‘Frame’ Its Beautiful Surroundings Hits the Market for $3.1 Million
South Florida Dirt: Unraveling the Mandarin Residences Boca Raton mess
‘I Rented a Bland, Beige Studio—and Turned It Into a Vibrant Rainbow Paradise That Sparks Joy Every Day’
Historic Maisonette That Was Once Home to the ‘First Lady of American Decorating’ Is Listed for $3.5 Million
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131