Time Equities scores $160M to build Boynton Beach Town Square apartments

Dirt is turning on the next phase of redevelopment of Boynton Beach’s municipal core after Time Equities closed on a $160 million loan.  The New York-based developer started construction on the first phase of the Town Square apartments after locking in the financing from M&T Bank, the South Florida Business Journal reported. The loan adds to $35 million in public financing that Time Equities previously secured.  The financing fuels work on a 3.8-acre site at 120 Southeast First Avenue, which the developer controls via a land lease. The funding came two years after Time Equities’ purchase of the land. The […]This article originally appeared on The Real Deal. Click here to read the full story.