Related, BH score $200M loan for Ritz-Carlton condos in West Palm Beach
Related Group and BH Group secured $200 million in construction financing for their planned Ritz-Carlton Residences, West Palm Beach. The developers received financing from Madison Realty Capital for the 27-story, 138-unit tower slated for 1717 North Flagler Drive, according to a news release. The project is 70 percent pre-sold with $150 million in sales in the last six months, the release said. The Pérez family’s Related and Isaac Toledano’s BH Group launched sales for the Ritz-Carlton Residences in 2024 and received approval for a height bonus in October. The developers tapped a design team that includes Arquitectonica, interiors firm Rockwell […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Tribal knowledge built this business. It can’t carry it.
The timing tax: How America’s rent calendar punishes the workers it should protect
Why your best agents leave (and the conversations you should be having now)
How much will mortgage rates fall with the Iran deal and Fed week?
Inside the Biggest Celebrity Real Estate Dramas—From Ivanka and Jared’s $1.4 Billion Resort Uproar to Katy Perry’s Montecito Mansion Fight
The $5,000 Hidden Summer Fee Owners of Older Homes Forget To Budget For
Louisville Sees 33% Surge in Homes on Market as Sellers Flood Back In
South Florida Dirt: Inside the first week of broker George Pino’s trial
Glass-Walled House Perched on a Giant Lakeside Rock Makes It Feel Like You’re ‘Living in the Water’
Why the Luxury Golf Club Lifestyle Has Become the Ultimate Real Estate Status Symbol
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131