[et_pb_dmm_dropdown menu_id=”2″ parent_menu_padding_top=”10px” parent_menu_padding_right=”10px” parent_menu_padding_bottom=”10px” parent_menu_padding_left=”10px” parent_menu_border_color=”#000000″ module_class=”xs-tablet” _builder_version=”4.22.1″ _module_preset=”default” menu_text_text_color=”#FFFFFF” menu_text_font_size=”14px” background_color=”#353535″ text_orientation=”center” width=”100%” max_width=”100%” module_alignment=”right” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”0px|20px|0px|20px|false|true” custom_css_main_element=”display:inline-flex;||width:100%;” border_width_all=”0px” border_color_all=”#353535″ global_colors_info=”{}” menu_text_text_color__hover_enabled=”on|hover” menu_text_text_color__hover=”#c95b0c”][/et_pb_dmm_dropdown]
320-Unit Rental Community Slated for Royal Palm Beach – Connect CRE

by | Mar 18, 2024 | 0 comments

FCI Residential has started work on a 320-unit apartment complex in the sprawling 200-acre Tuttle Royale mixed-use development in Royal Palm Beach. The Miami Business Journal reports FCI broke ground after obtaining a $55.65 million construction loan. PNC Bank provided the mortgage to FCI Residential. It covers 30 acres.

The developer acquired the property for $14.4 million in 2019 from Tuttle Land Investments.

FCI Residential is using its in-house contractor Atlantic Crystal Construction Corp. The complex will consist of 11 three-story buildings, a pair of two-story townhouse buildings, and a two-story clubhouse.

This would be the third apartment complex in Tuttle Royale, as Related Group completed one several years ago and Lynd Development broke ground on a new community there in 2023. As for the rest of the site, it’s approved for a charter school, 100 single-family rental homes and a mixed-use project with retail, offices, residential, a hotel and entertainment.

Source link


Submit a Comment

Your email address will not be published. Required fields are marked *