Bank OZK Provides $110M Construction Loan For Great Gulf's West Palm Beach Residential Condo Development

1515 South Flagler Drive, West Palm Beach, FL, USA

$110,000,000

$1,020/SF

Building Size

107,815 SF

Asset Type

Development Site

Closing

Feb 4, 2021

AI

The property involved in the transaction is a development site located at 1515 South Flagler Drive in West Palm Beach. The asset type is a residential condo with a total of 83 units.

Summary of transaction details:

Property Type: Dev. site (Residential Condo)
Transaction Amount: $110,000,000
Address: 1515 South Flagler Drive
Market: West Palm Beach
Units: 83

The lender in this transaction is Bank OZK, providing a construction loan for the amount of $110,000,000. The landlord and developers of the property are Great Gulf represented by Niall Collins & Ilias Konstantopoulos.

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