FORT LAUDERDALE, FLA. — JLL has arranged a $28 million loan, provided by Goldman Sachs, for the development of URBANIA Flagler 1 Ave in Fort Lauderdale. The borrower and developer is Hollywood, Florida-based Continua Developments, a development company that was active in Colombia before doing business in the United States starting in 2021. JLL Capital Market’s Debt Advisory team was led by Max La Cava, Jimmy Calvo and Kenny Cutler.
Continua is partnering with SP Developments, a Miami-based residential developer, on the URBANIA project. Construction started earlier this year, and completion is slated for 2026. The 11-story property will feature a lobby and ground-level retail. The 110 units will be a mix of studios and one- and two-bedroom apartments. Amenities include a fitness center, a pool and hot tub, grills and coworking space. The architect is G3aec, and the property manager will be Strategic Properties, a Miami-based property management firm.