Real estate developers Related Group and Dezer Development have closed on $307 million in construction financing from Apollo affiliates for Rosewood Residences Hillsboro Beach, a waterfront condominium development in the Hillsboro Beach market north of Fort Lauderdale.

Rising ten stories above the coastline, Rosewood Residences Hillsboro Beach has design work helmed by Arquitectonica. The development will feature 70 beachfront residences and 22 coastal homes — each designed with layouts ranging from 2,800 to 6,400 square feet —  and 11 private boat slips. 

Amenities include a wellness center, a private spa and salon, two fitness centers with a yoga room, a sauna, and courts for tennis, paddle tennis, and pickleball, complete with an on-site pro shop. Owners will also have exclusive access to an oceanfront pool with sunbeds and cabanas, an outdoor spa area, and direct access to a private beach with lounge chairs, umbrellas, and full food and beverage service. The development will also have dining options.

The post S. Florida Condo Developer Inks $307M Construction Loan appeared first on Connect CRE.