North Olive Place scores $35.5M in financing

North Olive Place
North Olive Place

Compass Bank has provided the North Olive Place, a multi-family project in downtown West Palm Beach, with a $35.5 million construction loan.

The loan will fund the first phase of North Olive Place, which will consist of 259 townhomes and apartments and a seven-story parking garage, spread across three buildings, according to the South Florida Business Journal. The bottom floors will feature retail and commercial space.

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The second phase will include 199 units. [SFBJ]Christopher Cameron