RIVIERA BEACH, FLA. — The Estate Cos., a Miami-based developer known for its Soleste brand of communities, has secured a $60 million construction loan to build Soleste on the Trail in Riviera Beach. Located approximately five miles north of West Palm Beach and situated aside a lake, the community will be comprised of 255 one- and two-bedroom units. A completion date was not disclosed. Amenities will include a clubhouse, a resort-style pool with cabanas, outdoor barbecue areas, a fitness center with on-demand classes and a yoga studio, a full-service spa, a playground and a pet park. BB Americas Bank provided the loan, and Jim Fried, president of Sandstone Realty Advisors, arranged it. In addition to Riviera Beach, The Estate Cos. also is developing Florida projects in West Palm Beach, Pompano Beach, Davie, Hollywood, North Miami Beach and Homestead.
The Estate Cos. has secured a $60 million construction loan for Soleste on the Trail in Riviera Beach, Fla. The development will include 255 units on a site located at 7820 N. Military Trail. (Image credit: The Estate Cos.)
Estate Cos. Secures $60 Million Loan to Build Soleste Property in Palm Beach County
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