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MARATHON, FL-Miami-based Peebles Corp. has obtained $83 millionin construction financing for the development of Manoir ResortVillas. The project will bring 72 units to five acres at milemarker 54.
The financing was obtained from Fremont Investment & Loan,which has financed other Peebles projects in Miami, Washington, DCand San Francisco. Each villa will have an average of 1,500 sf withtwo bedrooms, 2.5 bathrooms, a private elevator and rooftopterraces. Units will be furnished, with prices from $1.8 million. Asales and marketing campaign for the property will begin this monthwith construction expected to begin in July.
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