PMG and Greybrook have secured $226 million in financing for phase two of Society Las Olas, a 42-story apartment community located in Downtown Fort Lauderdale. The second phase will include 563 units offering traditional and “Rent-by-Bedroom” or co-living options. Related Fund Management and Lubert-Adler provided the loan with John Moriarty & Associates as the general contractor, slated for completion Fall 2025.
The transaction was led by PMG’s Capital Markets team – Andrew Warman, Jon Blank and Paton Marion – alongside Kramer Levin Naftalis & Frankel’s legal representation from Saul Ewing along with PMG’s own counsels Lowell Plotkin, Lindsay Davis and Scott Buscemi.
Ryan Shear, managing partner at PMG commented: “Downtown Fort Lauderdale is an immensely desirable destination; we are confident this second tower will meet strong demand while extending Society Las Olas’ impact as a landmark project for the city.”
