Key Obtains Financing for 415-Unit St. Petersburg Apartment Project
Key International secured a $121 million construction loan for Amara Bay Residences & Marina, a waterfront mixed-use development located at 12000 Gandy Boulevard N., St. Petersburg. Led by ABANCA USA, the loan will fund the ongoing development of the 39-acre project overlooking Tampa Bay. Construction of the project commenced in late 2024, with vertical construction beginning in Q2 2025. The initial buildings are anticipated to be delivered by Q4 2026.
Amara Bay Residences & Marina will boast over 3,000 linear feet of walkable waterfront space, featuring 415 luxury apartments. An 8,000-square-foot waterfront restaurant will open adjacent to a 150-slip marina. Amenities for the community will include two resort-style pools, a clubhouse, a volleyball court, a basketball court, pickleball courts, a playground, and a recreational field. The property will also have a boardwalk lined with exercise paths and a kayak launch.
Other News
Charlotte Library Razed, 300 Apartment Units on Way
Northwood Ravin demolished a dated Charlotte public library in order to make way for a 300-unit apartment development. The Charlotte Business Journal reports the plan is to include 21,400 square feet of retail as well. The 4.5-acre south-end property is at 101 Scaleybark Road. The retail component is part of a larger mixed-use development that...
Learn more
Terra, Fortune Ink $220M Key Biscayne Condo Financing
Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean...
Learn more
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout