Mast Capital, in partnership with Boston-based Rockpoint and The Spear Group, has secured $42.5 million in construction financing from Santander Bank to break ground on an 18-acre multifamily development project located at 2085 S. Congress Ave., Palm Springs, FL.
The upscale garden-style apartment complex will consist of 264 units across 11 residential buildings featuring lifestyle amenities such as a fitness lawn, outdoor swimming pool, tot lot, dog park and lake trail that create an exceptional walkable environment for residents and their visitors along with electric vehicle charging stations. Additionally the property will include a clubhouse complete with a high-end club room; fitness studio; co-working space; game room; and smart parcel lockers for added convenience of its residents.
Mast Capital is expanding its footprint throughout the state by investing heavily into mixed use projects representing over $3 billion total capitalization including this latest acquisition which further solidifies their commitment to providing quality living spaces for Floridians everywhere .
Oxbow Secures Tax Breaks for San Antonio Apartments
Oxbow Development has been granted a 10-year, 40% tax abatement by Bexar County for the construction of two apartment complexes
Steve Griffin
November 15, 2024
