ORLANDO, FLA. — Berkadia has arranged a $61.3 million construction loan for Yard at Brookhaven, a 293,000-square-foot mixed-use residential project Real Estate Inverlad Development (REID) is building near downtown Orlando. Construction began in March. The lender was City National Bank.
Located on approximately 4 acres at the intersection of Brookhaven and Virginia drive in the Lake Ivanhoe/Lake Formosa section of Orlando, The Yard at Brookhaven will be a seven-story building with 265 units, a 500-space parking garage and approximately 19,000 square feet of commercial space. A completion date was not disclosed.
The developer funded the moving of an existing restaurant, The Hideaway Bar, across the street from the Yard at Brookhaven site. Catalyst Design Group developed the streetscape, which included parallel parking, a multi‐use trail and wide sidewalks for outdoor dining. Other amenities include a small ground‐level dog park as well as a seventh-floor pool amenity deck with views to downtown Orlando, three miles away.