Tortoise Properties Secures $88+ Million Construction Loan for its Newest Residential/Retail Development in West Palm Beach; Begins Site Prep on CLASS A+ Luxury Apartment Towers
Tortoise Properties, LLC , a privately held commercial and residential company headquartered in Palm Beach County, secured a $88.530 million construction loan and will begin building its newest mixed-use residential development in downtown West Palm Beach.
- Tortoise Properties, LLC , a privately held commercial and residential company headquartered in Palm Beach County, secured a $88.530 million construction loan and will begin building its newest mixed-use residential development in downtown West Palm Beach.
- The Class-A luxury apartment community will feature 264 studio, one and two-bedroom residences with 3,400+ square feet of retail frontage on Dixie Highway and 371 parking spaces.
- View the full release here: https://www.businesswire.com/news/home/20220705005491/en/
Tortoise Properties begins site prep for its Class-A luxury apartment community in West Palm Beach that will feature 264 studio, one and two-bedroom residences with 3,400+ square feet of retail frontage on Dixie Highway and 371 parking spaces. - We are especially pleased to have secured our construction loan with Acore during a rising interest-rate market and a recession-weary commercial lending environment, shared Geleerd.