Gatsby Florida Lands $119M Loan to Build Spec Palm Beach Gardens Office
Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature…
Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate development loan without novel structure or broad market impact, representing ordinary business activity.
Sources
Commercial Observer
Gatsby Florida Lands $119M Loan to Build Spec Palm Beach Gardens Office
Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature…
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Gatsby Florida Inks $118.6M Construction Loan for Palm Beach Gardens Offices, Retail
Berkadia arranged a $118.6 million loan on behalf of Gatsby Florida for the construction of The Palm, Palm Beach Gardens. Upon completion in 2028, the eight-story, 200,000-square-foot development will deliver office and retail space to the PGA corridor in northern Palm Beach…