The site of a long-neglected building in downtown Hollywood will get new life as a Fort-Lauderdale developer has secured an $83 million construction loan.
BTI Partners, in partnership with Bridge Investment Group, a real estate investment manager headquartered in Salt Lake City, Utah, secured the loan. The development will include 362 market-rate apartments and about 16,000 square feet of retail space on Young Circle. They bought the site for $11 million in 2021.
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