The Ruccio Group, led by financial advisors Jeremy Ruccio and Bita Asgari, a financial advisor team with RBC Wealth Management – U.S. has closed a $230 million deal to refinance a mixed-use project in Savannah’s Entertainment District.
The project is a four-and-a-half-acre mixed-use space, which is in Savannah’s Entertainment District and a 419-room full-service luxury hotel. The project also encompasses 13 Food & Beverage outlets, 27,800 SF of indoor / outdoor event space, 20,140 SF of retail space, a live music venue, spa, art gallery, fitness centers, rooftop pool, and a 488-space parking garage.
“The Plant Riverside District is a legacy project for our company, the city of Savannah, and the state of Georgia. It is the most significant redevelopment in Savannah’s historic district and has proven to be a catalyst for continued economic growth in the area, especially River Street, with over 17 million visitors per year” said Mark Kessler, President and COO of Kessler Collection Design & Development, which owns the hotel/development site.
“Plant Riverside District is such an iconic property with incredible importance to Savannah and the state of Georgia,” said Jeremy Ruccio, Managing Director – Financial Advisor at the Ruccio Group.
“Richard Kessler’s vision and execution on this project is second to none,” added Bita Asgari, Senior Vice President – Financial Advisor at the Ruccio Group.
For more information on high-net-worth tailored lending options, contact:
Jeremy Ruccio, Managing Director – Financial Advisor at The Ruccio Group, RBC Wealth Management – U.S. at 786.881.8469 or jeremy.ruccio@rbc.com.
Bita Asgari, Senior Vice President – Financial Advisor at The Ruccio Group, RBC Wealth Management – U.S. at 786.932.1058 or bita.asgari@rbc.com.
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