Meyers Group Secures $45M Construction Loan For Avery Cypress Creek Development In Fort Lauderdale

The asset involved in this transaction is a 2.2-acre development site located at 6210 North Andrews Avenue in Fort Lauderdale. The site was purchased for $8 million in 2025 and is set to become the location for Avery Cypress Creek, which will consist of a 200-unit, eight-story apartment complex featuring 5,000 square feet of commercial space. A $45 million construction loan was secured for this project, which is strategically situated near I-95 and the Cypress Creek Tri-Rail Station within a neighborhood designated for multifamily growth.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $45,000,000
• Landlord: Alan Losada - Meyers Group
• Market: Fort Lauderdale
• Loan Type: Construction
• Acres: 2.2

Alan Losada represents Meyers Group in this transaction, highlighting his role in facilitating the secured construction loan for the project. The development is poised to enhance the availability of multifamily housing options in the area, in line with local zoning regulations that encourage such growth.