Related Ross Inks $157M Construction Loan for 98 W. Palm Beach Condos
Related Ross closed a $157 million construction loan for Shorecrest, waterfront condominium residences in West Palm Beach. With construction financing provided by GoldenTree Asset Management, construction is now set to begin on the new waterfront tower.
Completion is expected in 2027, and current availability is priced from $3 million. Situated at 1865 North Flagler Drive, Shorecrest will rise 28 stories and comprise just 98 luxury waterfront residences. Designed by critically acclaimed Roger Ferris + Partners.
Demolition and site preparation will begin this month, with groundbreaking for the tower slated for the spring. It’s 18,355 square feet with offerings including a golf simulator, executive meeting spaces, an onsite residents-only Lifestyle Director, a game lounge, a private dining room, and a rooftop pool deck featuring a 75-foot lap pool, complemented by a hot tub, cold plunge, and his-and-hers spas with dedicated sauna and steam rooms.
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80-Unit Seniors Housing Development Opens in Suburban Chicago
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312-Unit Multifamily in Indiana Changes Hands
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout