When fully built out across all three phases, the project will feature five residential towers ranging from 21 to 24 stories, with approximately 1,292 rental residences, 36,000 square feet of restaurants and retail, and 1.1 million square feet of access-controlled parking with 2,650 spaces.
The 13-story development will include 83 residences between the Atlantic Ocean and the Intracoastal Waterway, with homes starting at $2.5 million.
The asset, which consists entirely of two-bedroom/two-bathroom units that average 916 square feet, traded for $23 million, or $198,276 per unit.
In addition to his role as NAIOP South Florida President, Corlew has served on NAIOP boards at both the regional and national levels and remains actively involved in industry conferences and community development initiatives.
The project will deliver 384 apartment residences totaling approximately 391,747 square feet featuring structured parking and an extensive suite of lifestyle-focused, state-of-the-art amenities.
The floating-rate bridge loan will be used to refinance the property’s existing construction financing and fund remaining completion costs for the project, which topped out in October 2025 and is expected to deliver in mid-2026.
JLL Capital Markets’ Debt Advisory team representing the borrower was led by Managing Director Jesse Wright, Associate JJ Hovenden and Analyst Luke Maganas.
The 140-unit luxury apartment community was completed in July 2023.
The project is expected to be completed in the summer of 2027.
Kripalani and Fernandez join C&W from Colliers.
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