**Southern Land Company Secures $50M Construction Loan for Las Vegas Project**
Southern Land Company has closed on a $50 million construction loan with BHI, the U.S. division of Bank Hapoalim, to finance the development of Capella — a 22-story, 272-unit apartment tower in the Symphony Park District of Las Vegas.
Strategically located at the northwest corner of Promenade Place and Symphony Park Avenue, Capella will also feature 17,626 square feet of ground-floor retail space.
Capella will offer a diverse mix of residential units, including 55 studios, 126 one-bedroom apartments, 91 two-bedroom units, and 23 penthouse residences. Designed with upscale amenities, the development will provide residents with a full suite of services including a resident lounge, concierge service, fitness center, yoga studio, wellness center with saunas and steam rooms, a co-working lounge, a rooftop swimming pool and spa, outdoor pool lounge with bar, TVs, and grills. Additional features include a dog run, bike storage, and an onsite bike tune-up shop.
Southern Land Company is known for its work in master-planned communities across residential, multifamily, mixed-use, and hospitality sectors.
Capella marks Southern Land’s third project within the Symphony Park District. Their first development in the area, Auric, was completed in 2021 and includes 324 units. Their second, Bria, is currently under construction and will deliver 275 units upon its anticipated completion in the fourth quarter of 2025.
