Property Markets Group JV receives $120m for Orlando-based project

Property Markets Group and Raven Capital Management have plans to develop Society Orlando, a 26-story mixed-use multifamily and retail development in Orlando.

Recently, a fund managed by CIM Group closed on a $120 million construction loan for the project.

Located at 434 N. Orange Ave., Society Orlando differentiates itself from traditional residential developments by offering a combination of traditional rental apartments with furnished co-living units in a community-focused living environment.

Phase one of Society Orlando will feature 462 residential units across a mix of studio, one- and two-bedroom floor plans, and co-living units, across a mix of two-, three- and four-bedroom floor plans. The building also provides 33,000 square feet of ground floor retail and 502 parking spots. Residents will have access to more than 100,000 square feet of modern amenities including a pool deck and outdoor entertainment lounge, a full-service gym and fitness center, and a