Marina Palms Yacht Club & Residences project secures $98M construction loan

Marina palms

In North Miami Beach, the Marina Palms Yacht Club & Residences project secured a $98 million construction loan from HSBC Bank USA, reports South Florida Business Journal.

The project will have 468 units in two 25-story towers. It will also include a marina with 112 boat slips.

The development team is a partnership between The Plaza Group and the DevStar Group. Coastal Construction is the general contractor.

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