Menin Development obtains construction loan for Delray City Market food hall – South Florida Business Journal

Things to do in St. Augustine florida menin development obtains construction loan for Delray City Market food hall – South Florida Business Journal south florida real estate developer Menin Development landed a $72 million loan to finance construction of The Ray, a 141-room hotel planned in downtown Delray Beach.

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The Weekly Dish: Food hall planned for Delray Beach & more . therealdeal.com Delray City Market | Delray Beach Developer Craig Menin and restaurateur Dennis Max are planning a massive, 30,000-square-foot food hall in Delray Beach. The developers will submit proposals for Delray City Market next month, according to SouthFlorida.com.

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South Florida real estate developer Menin Development landed a $72 million loan to finance construction of The Ray, a 141-room hotel planned in downtown Delray Beach. Madison Realty Capital provided the 24-month construction loan with extension options. Hilton will manage The Ray and fold the boutique hotel into its Curio Collection brand.

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Generation4 Partners acquires redevelopment site near I-95 in Miami for self-storage project – South Florida Business Journal National self-storage giant seeks to redevelop site near Zoo Miami. There’s been a boom in self-storage development in South Florida to serve the growing population, especially as people move.

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It is almost impossible to arrive at the loan amount and cash requirement with a single calculation as the variables are numerous and there is always a need to go over the numbers and re adjust them to optimize the loan amount. menin development obtains construction loan for Delray City Market food hall – South Florida Business Journal VA.

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City National Bank of Florida provided a $29.75 million construction loan for the project.