The luxury apartment tower 4 West Las Olas in Fort Lauderdale is a step closer to fruition after securing an $85 million construction loan.

Developer Elevate Partners LLC’s 25-story, 261-unit building on 1.08 acres is to rise at 4 W. Las Olas Blvd. on the southwest corner of Las Olas Boulevard and South Andrews Avenue and just north of the Tarpon River.