Pebb Capital has successfully obtained a $173 million construction loan for Sundy Village, a mixed-use development located in the heart of Downtown Delray Beach. The project, which is estimated to cost $240 million and began construction in 2023, is expected to be completed by summer of 2024. This significant funding was provided by Monroe Capital and JP Morgan.
Sundy Village will feature an impressive 28,000 square feet of retail space and 180,000 square feet of top-of-the-line office space. Pebb Capital has already secured leases for over two-thirds (141,400 square feet) of the office space.
The design for this development was created by renowned firms Gensler and RLC Architects. It boasts open-air courtyards with walkways surrounded by lush greenery as well as both indoor and outdoor dining areas.
Construction on Sundy Village officially began in February under the supervision of general contractor Bluewater Builders. CBRE’s Joe Freitas and John Criddle are responsible for overseeing leasing efforts for the offices at Sundy Village while Sara Wolfe from Vertical Real Estate handles all retail leasing activities.
