Pebb Capital has successfully obtained a $173 million construction loan for the development of Sundy Village, a mixed-use project in Downtown Delray Beach. The ambitious $240 million venture began in 2023 and is expected to be completed by summer 2024. The financing was provided by Monroe Capital and JP Morgan.
Sundy Village will encompass more than 28,000 square feet of retail space and 180,000 square feet of high-quality office space. Pebb Capital has already leased an impressive 141,400 square feet.
Designed by renowned firms Gensler and RLC Architects, this development boasts open-air courtyards, walkways lined with greenery, as well as indoor and outdoor dining areas.
Construction on Sundy Village commenced in February under the supervision of Bluewater Builders as the general contractor. CBRE’s Joe Freitas and John Criddle are overseeing office leasing for Sundy Village while Sara Wolfe from Vertical Real Estate is handling retail leasing.
