**Terra Secures $285M Construction Loan and Breaks Ground on Mr. C Hotel & Residences in West Palm Beach**
Terra has officially commenced construction on its highly anticipated Mr. C Hotel & Residences West Palm Beach after securing 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 in downtown West Palm Beach, the mixed-use development will blend luxury hospitality with high-end residential living. The project will feature 110 hotel suites and 146 private residences, combining modern design with classic hospitality. The architectural design is led by the renowned firm Arquitectonica, with interiors envisioned by design studio Meyer Davis.
When completed, Mr. C Hotel & Residences West Palm Beach will offer an extensive suite of upscale amenities, including a garden-level lap pool with private cabanas, a poolside bar and lounge, a fully equipped fitness center, and a signature spa featuring steam and sauna rooms.
Residents and guests will also benefit from a professional hospitality team offering personalized services such as housekeeping, pet care, appointment scheduling, in-home dining, package management, and travel coordination.
Mr. C Hotel & Residences was founded by Ignazio and Maggio Cipriani, continuing the legacy of the internationally recognized Cipriani family known for their timeless approach to service and style.
This latest project marks a significant addition to the evolving luxury residential and hospitality scene in West Palm Beach.
