FCI Residential has recently begun construction on a 320-unit apartment complex within the expansive Tuttle Royale mixed-use development in Royal Palm Beach. According to the Miami Business Journal, FCI secured a $55.65 million construction loan from PNC Bank and plans to develop the project on 30 acres of land.
The property was acquired by FCI Residential for $14.4 million in 2019 from Tuttle Land Investments.
FCI Residential will utilize their own contractor, Atlantic Crystal Construction Corp., for this project which will feature eleven three-story buildings, two two-story townhouse buildings, and a two-story clubhouse.
This marks the third apartment complex within Tuttle Royale as Related Group completed one several years ago and Lynd Development began work on another community in 2023. The remaining portion of the site is approved for various developments including a charter school, single-family rental homes, and mixed-use projects featuring retail spaces, offices, residential units,a hotel,and entertainment options.
The article “320-Unit Rental Community Slated for Royal Palm Beach” was originally published by Connect CRE.
