PPG Development and BH3 Management secured a $225 million refinancing for Slate Hallandale Beach, a 250-unit luxury residential tower that was completed in 2022.  J.P. Morgan and Monroe Capital provided the financing.

PPG Development and Premium Capital Resources purchased the site and adjacent property, which is now known as Shell Bay Club. Upon completion in 2022, BH3 Management acquired a 50% ownership interest in the property.

Faisal Ashraf of Lotus Capital Partners arranged the financing on behalf of PPG and BH3 Management.

Slate offers one—to four-bedroom residences ranging in size from 859 to 3230 square feet, all with terraces for indoor/outdoor living. A collection of penthouses offers views of the Atlantic Ocean and Intracoastal Waterway.

The Kobi Karp-designed building boasts more than 30,000 square feet of amenities. Residents enjoy a fitness center, spa lounge with sauna and steam rooms, pool with cabanas, outdoor fire pit, golf simulation room, movie screening room, wine cellar and lounge, and a business center.

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