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According to its best and final offer submitted to JEA, the Ryan Cos. project at 325 West Adams St. will cost approximately $72.2 million to construct. The building will total 207,810 square feet, including a 6,340-square-foot rooftop outdoor patio.
The financing deal was announced by Holliday Fenoglio Fowler, L.P., which arranged a fixed-rate loan for the development of the Home2 Suites Sarasota and a floating-rate loan for the development of the Home2 Suites Largo.
The acquired properties total 813 units including independent living, assisted living and memory care in Michigan, Pennsylvania (pictured) and Virginia.
K.P. Reddy, CEO of Shadow Ventures, a venture capital fund for startups in the AEC and CRE markets, provides this EXCLUSIVE GlobeSt.com article on big data in multifamily markets.
Like other asset classes, hotels need to transform into experiential lifestyle spaces to stay competitive with the wide range of lodging options available today.