FOREST DEVELOPMENT ANNOUNCES JOINT VENTURE PARTNER AND CLOSING OF 9 MILLION CONSTRUCTION LOAN FOR NAUTILUS 220
LAKE PARK, Fla., July 5, 2022 /PRNewswire/ -- Forest Development announced today that it has engaged in a joint venture partnership with Royal Palm...
July 12, 2022
3:52 AM
LAKE PARK, Fla., July 5, 2022 /PRNewswire/ -- Forest Development announced today that it has engaged in a joint venture partnership with Royal Palm Companies for Nautilus 220, 220 Lake Shore Drive, Lake Park, FL. The mixed-use development comprises 330 condominium residences in two, 24 story towers, with restaurants, retail, and offices alongside a marina. A $269 million construction loan from Fortress Investment Group LLC has closed for Nautilus 220, with financing arranged by Concord Summit Capital.