Real Estate

JPMorgan, BDT & MSD Lend $273 Million for Luxury Florida Condos

Project will feature a private golf course and Auberge hotel
Site near ocean a ‘generational opportunity,’ developer says

Shell Bay is a 150-acre property north of Miami with residences, a hotel, and a golf club.Source: Fusion Studio

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By Natalie Wong

November 20, 2024 at 3:58 PM UTC

This article is for subscribers only.

JPMorgan Chase & Co. and BDT & MSD Partners provided a $273 million construction loan for an upcoming luxury residential project north of Miami centered around a private golf club.

Witkoff Group and PPG Development also received a $5 million loan from ConnectOne Bank, which provided an initial $55 million in financing for the project in 2021, according to a statement Wednesday.