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Penn-Florida Lands $225M Construction Loan to Complete Via Mizner’s Final Phase

The construction loan was originated by Madison Realty Capital of New York City and will be utilized to complete The Residences at Mandarin Oriental, Boca Raton, the third and final tower of Via Mizner, a 2-million-square-foot urban resort.

Via Mizner in Boca Raton, FL, when complete, will total 2 million square feet. Via Mizner in Boca Raton, FL, when complete, will total 2 million square feet.

BOCA RATON, FL—Locally-based owner and developer Penn-Florida Companies has secured a $225-million construction loan for The Residences at Mandarin Oriental, Boca Raton project that is currently under construction.

The construction loan was originated by Madison Realty Capital of New York City and will be utilized to complete The Residences at Mandarin Oriental, Boca Raton, the third and final tower of Via Mizner, a 2-million-square-foot urban resort. Construction of The Residences commenced several months ago and is scheduled to be completed in less than two years, which will coincide with the completion of the new Mandarin Oriental Hotel.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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