**Terra Breaks Ground on Mr. C Hotel & Residences West Palm Beach After Securing $285M Loan**
Terra has officially broken ground on Mr. C Hotel & Residences West Palm Beach, a new luxury hybrid hospitality and residential development, following the closing of a $285 million construction loan. The financing was provided by TYKO Capital, with Aztec Group representing the borrowers in the transaction.
Located at 401 S. Olive Avenue, the project will feature 110 hotel suites and 146 residences upon completion. It is being designed by the renowned architecture firm Arquitectonica, with interiors by design studio Meyer Davis.
The development will offer a wide array of upscale amenities, including a garden-level lap pool with private cabanas, a poolside bar and lounge, a state-of-the-art fitness center, and a signature spa complete with steam and sauna rooms.
Residents and guests will also benefit from a professional hospitality team on-site, offering services such as housekeeping, pet care, appointment scheduling, in-home dining, package handling, and travel coordination.
Mr. C Hotel & Residences is a luxury lifestyle brand founded by Ignazio and Maggio Cipriani.
