Partners secure $24.5M of financing for high-rise condo project in Tampa

West Palm Beach-based Two Roads Development and Feldman Equities LLC will use the financing to fund the next phase of the Riverwalk Place condo development

TRD MIAMI /
Jan.January 12, 2019 04:30 PM

Reid Boren, managing parner of Two Roads Development

West Palm Beach-based Two Roads Development and a partner secured $24.5 million in financing for a waterfront condominium development in downtown Tampa.

Two Roads and Feldman Equities LLC will use the financing to prepare the foundation and to fund demolition work at the development site of Riverwalk Place, which will rise more than 50 stories on the banks of the Hillsborough River.

The developers recently obtained a construction permit from the municipal government of Tampa for the foundation of Riverwalk Place.

Buyers have deposited a total of more than $80 million on Riverwalk Place condo units.

Calabasas, California-based Mosaic Real Estate Credit LLC provided the financing for the next phase of the Riverwalk Place project.

Mosaic also is working with Two Roads on its Elysee development, a 57-story condominium now under construction in the Edgewater area of Miami. – Mike Seemuth


Related Articles

arrow_forward_ios
Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL's Tom Hall and Danny Finkle (Google Maps, JLL)

Southland Mall’s troubled $65M CMBS loan for sale

Southland Mall’s troubled $65M CMBS loan for sale
Renderings of the project and Gil Dezer (Getty; Renderings via  Zyscovich Architects)

Dezer’s 30-acre megaproject in North Miami Beach gets first approval

Dezer’s 30-acre megaproject in North Miami Beach gets first approval
Alan Ojeda and 8894 NW 44 Street in Sunrise (Google Maps)

Rilea Group scores $46M construction loan for Sunrise apartments

Rilea Group scores $46M construction loan for Sunrise apartments
Yard 8 and Wood Partners CEO Joseph Keough (Courtesy of ACRE)

Wood Partners lands $86M refi for Midtown Miami apartments

Wood Partners lands $86M refi for Midtown Miami apartments
Masoud Shojaee and a rendering of Shoma Village 

Shoma Group scores $67M loan for mixed-use Hialeah project

Shoma Group scores $67M loan for mixed-use Hialeah project
Housing Trust Group CEO and president Matt Rieger and Hudson Village renderings

HTG scores financing for Hollywood affordable housing project

HTG scores financing for Hollywood affordable housing project
Jeff Burns, Nick Rojo, The Bohemian Lake Worth

Affiliated Development’s Lake Worth Beach apartment project approved

Affiliated Development’s Lake Worth Beach apartment project approved
A rendering of the Intracoastal Mall and Gil Dezer

Dezer’s plans to remake Intracoastal Mall face opposition

Dezer’s plans to remake Intracoastal Mall face opposition
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...