DevMar gets loan to construct St. Petersburg high-rise apartment

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HALL Structured Finance announced that it will lend $35.5 million to finance the construction of The Vantage, a multifamily high-rise in St. Petersburg.

Developed by Michigan-based DevMar Development, the 11-story building will consist of 211 high-rise rental homes. The homes will average approximately 631 sq. ft. and will be modern in design with excellent finishes and open floor plans.

In addition, the property will include a rooftop pool, terrace and veranda, fitness center and yoga room.

The project is expected to be completed in September 2019.

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