Related Ross lands $157M construction loan for more West Palm Beach condos
Related Ross scored a $157 million construction loan for Shorecrest, his second condo project in West Palm Beach. The firm, headed by billionaire Steve Ross, landed the loan from Steven Tananbaum’s GoldenTree Asset Management, which also contributed to the $600 million construction financing for Ross’ other West Palm Beach condo project, South Flagler House. Shorecrest is set to span 28 stories and 98 units at 1865 North Flagler Drive, the former site of West Palm Beach’s Temple Israel, according to a news release. Corcoran Sunshine Marketing is leading sales, with prices starting at $3 million and construction expected to finish […]This article originally appeared on The Real Deal. Click here to read the full story.
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