THE GRAND
Our second investment with Affiliated Development is The Grand, a 309 unit mixed-use development in the heart of West Palm Beach, FL.
THE GRAND AT A GLANCE
Project Financing
$79.8M Total
$9M Gap Financing
$51.9M Senior Mortgage Debt
$1M Second Mortgage
$17.9M Equity
Development Team
Rosemary WPB, LLC
Affiliated Development
Castle Residential
Moss Construction
MSA Associates
Rhett Roy
Reikenis & Associates
SGM Engineering
CID Design Group
Shutts & Bowen
EBI Consulting
Diversified Structural Design
Location
301 N. Rosemary Avenue, West Palm Beach, FL
Project Highlights
309 multifamily units, 287,285 GSF
389 parking spaces
25,800 SF of indoor and outdoor amenities
CONTRUCTION UPDATES
The Grand Groundbreaking Ceremony September 2021
The Grand June 2022
The Grand October 2022
The Grand May 2023
