### Floridays Secures $41.5M Loan for Harborside at Sapphire Bay Development
Floridays Development Company has secured a $41.5 million senior construction loan for Harborside at Sapphire Bay, a 316-unit Class A waterfront apartment community in Rockwall. The loan was facilitated with the assistance of Colliers’ Jorg Mast, Chris Paul, and Danny Miller.
Harborside represents the second phase of the Sapphire Bay development, complementing its sister property, Surfside, which has been under construction for the past 22 months and is now delivering its first units. With financing secured, construction of Harborside is progressing.
Located at 1101 Sapphire Bay Blvd., Harborside is part of the $1 billion mixed-use Sapphire Bay community. Once completed, Sapphire Bay will feature:
– Over 1,500 residential units
– 1.7 million square feet of mixed-use space, including restaurants, retail, entertainment, office, and hospitality
– More than 20 acres of parks and scenic trails
– A 1,000-slip marina, offering a vibrant waterfront lifestyle
This expansion solidifies Sapphire Bay as a premier waterfront destination, bringing a mix of luxury living and diverse amenities to the Rockwall area.
