JLL Capital Markets has arranged $215 million in construction financing for The Ritz-Carlton Residences, Estero Bay South Tower, which is the first of a multi-phase condominium development located in Bonita Springs, Fla.
The property will be the first Ritz-Carlton Residences in southwest Florida, where there is now significant brand recognition from two Ritz-Carlton Resorts.
JLL represented the borrower, London Bay, to secure the loan through Bank OZK.
Designed by Arquitectonica with interiors by Meyer Davis, the South Tower will rise 22 stories and feature luxurious unit finishes, first-class amenities and resident services consistent with The Ritz-Carlton brand. The property will consist of two-, three- and four-bedroom residences, averaging 3,430 square f
