THE SPRUCE – Targa | Real Estate Fund

THE SPRUCEadmin2025-06-10T19:13:10+00:00

The Spruce is a 270-unit complex in West Palm Beach, FL, that will be completed in early 2026.

THE SPRUCE AT A GLANCE

Project Financing

$50M Construction Loan
$5.7M in CRA, City & County Incentives
$33M in Equity

Development Team

MOSS Construction
Affiliated Development
Affiliated & Rinka

Estimated Completion Date

2026

Location

2501 Spruce Avenue, West Palm Beach, FL

Project Highlights

8-story building with 270 units in the Northwood Village area of West Palm Beach.

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CONSTRUCTION UPDATES

The Spruce

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The Spruce

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DISCLAIMER

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES. THE PROJECTIONS CONTAINED IN THIS DOCUMENT CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE PROJECTIONS MAY NOT REFLECT ACTUAL PERFORMANCE.
THE PROJECTIONS SET FORTH HEREIN, FINANCIAL OR OTHERWISE, SOLELY REFLECT THE MANAGER’S JUDGMENT AND EXPECTATIONS AND ARE SUBJECT TO A NUMBER OF RISKS AND UNCERTAINTIES INCLUDING THOSE SET FORTH IN THE PRIVATE PLACEMENT MEMORANDUM OF TARGA 1, LLC DATED SEPTEMBER 2020, MANY OF WHICH COULD CAUSE THE ACTUAL FINANCIAL RESULTS TO BE MATERIALLY LESS THAN THE AMOUNT PROJECTED. TARGA 1, LLC MAKES NO GUARANTY OR PROMISE OF PERFORMANCE, AND ALL RISKS OR UNCERTAINTIES ARE EXPRESSLY ACKNOWLEDGED AND ASSUMED BY ANY INVESTOR.