‘Uptown Boca’ Developers Secure $126M in Construction Financing

A rendering of the multifamily component of Uptown Boca.

BOCA RATON, FL—The development team of Giles Capital Group, Rosemurgy Properties and Schmier Property Group, in partnership with Wheelock Street Capital, which is building the mixed-use Uptown Boca project here, has secured $125.65 million in construction financing for the more than 1-million-square-foot venture.

The brokerage firm Holliday Fenoglio Fowler, L.P. arranged the floating rate loan with Jutland Finance. The property is the last undeveloped parcel located off Glades Road, which is Boca Raton’s main east/west thoroughfare and retail corridor. The development will also benefit from its proximity to both the East and Boca Town Center office markets, which together consist of more than 330 buildings and 9 million square feet of office space.