Midtown Capital Partners closed on an $84 million construction bridge loan to complete Astor Park Flagler Village, a 252-unit, mid-rise luxury apartment community located in Fort Lauderdale’s Flagler Village neighborhood.
BridgeInvest provided the floating-rate bridge loan which will be used to refinance the property’s existing construction financing and fund remaining completion costs for the project, which topped out in October 2025 and is expected to deliver in mid-2026.
Located at 333 NE 6th Street, Astor Park Flagler Village is a 12-story, two-tower mixed-use development situated on a 1.42-acre site. Unit sizes range from 594-square-foot studios to 1,735-square-foot penthouses, along with four live-work units on the ground floor.
Amenities will include a resort-style rooftop pool with skyline views, bar and resident lounge, dog park, and dedicated coworking and resident workspaces.
Mitch Sinberg, Scott Wadler, Matt Robbins, Brad Williamson, and Patrick Johnson of Berkadia Florida secured the financing on behalf of Midtown Capital Partners.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences 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...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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