Related Group, BH, Pebb secure another $141M loan for Office Depot development site
Jorge Pérez’s Related Group secured another $140.7 million in financing on its apartment project in Boca Raton’s former Office Depot campus, with partners BH Group and Pebb Enterprises. Wells Fargo provided the financing and assumed the project’s existing $35.8 million debt, for a total $176.5 million loan, according to records. The eight-story residential project, known as the Broken Sound Residences, is planned for 494 luxury rental residences, including 50 workforce housing units, and 23,000 square feet of indoor amenities. Construction began last month and is expected to be completed in 2028 on the 10-acre area. Related Group bought the site […]This article originally appeared on The Real Deal. Click here to read the full story.
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