The development team of the mixed-use Uptown Boca project has secured $125.65 million in construction financing for the more than one-million-sq.-ft. Venture. The project is being built by Wheelock Street Capital in partnership with Giles Capital Group, Rosemurgy Properties, and Schmier Property Group.
According to Globest, the brokerage firm Holliday Fenoglio Fowler arranged the floating rate loan with Jutland Finance.
The property is located off Glades Road, which is Boca Raton’s main east/west thoroughfare and retail corridor.
Located on a prime site at Glades Rd. and 95th Ave. South in West Boca Raton, Uptown Boca will feature 456 Class A luxury apartments and 171,806 sq. ft. of upscale retail space.
Amenities at the development will include a 24-hour fitness and business center, yoga, spin and stretching room, gaming and theater room, zero edge pool, ride sharing lounge and an outdoor summer kitchen.
The retail component of the project is expected to be completed in late 2019, while the residential development will be finished in early 2020.