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Alameda Point Partners has completed demolition of the 30-acre Site A parcel of the former air station and is 50% complete with construction of the infrastructure to include parks as well as a ferry terminal.
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.
EverWest sought out a project of the right size, submarket and value profile, and found that in Olympic Block, a mixed-use asset that allows value add and the ability to capitalize on double-digit rent growth.