Newmark Arranges $139 Million Financing For Newly Completed Multifamily Property In Delray
Completed between 2024 and 2025, the property comprises 420 units, offering a mix of studios, one-, two- and three-bedroom layouts, and townhomes.
Completed between 2024 and 2025, the property comprises 420 units, offering a mix of studios, one-, two- and three-bedroom layouts, and townhomes.
The 7-acre mixed-use development’s third residential tower will deliver 432 market-rate apartments in 2028.
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
Parks at Delray will ultimately deliver a 747-unit multifamily development offering townhouses along with three- and five-story garden-style buildings, in addition to an estimated 40,000 square feet of grocery-anchored retail space and an existing, 68,000-square-foot office building.
Roberto Susi, Principal of Axiom Capital Partners, represented the buyers in the off-market deal.
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