Related, BH score $200M loan for Ritz-Carlton condos in West Palm Beach
Related Group and BH Group secured $200 million in construction financing for their planned Ritz-Carlton Residences, West Palm Beach. The developers received financing from Madison Realty Capital for the 27-story, 138-unit tower slated for 1717 North Flagler Drive, according to a news release. The project is 70 percent pre-sold with $150 million in sales in the last six months, the release said. The Pérez family’s Related and Isaac Toledano’s BH Group launched sales for the Ritz-Carlton Residences in 2024 and received approval for a height bonus in October. The developers tapped a design team that includes Arquitectonica, interiors firm Rockwell […]This article originally appeared on The Real Deal. Click here to read the full story.
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