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Shoreham Capital, in collaboration with Bridge Investment Group and Wynkoop Financial, has commenced construction on Siesta Lakes, a luxurious 412-unit rental community located in Cape Coral, Florida. The project has secured a $66 million construction loan and is expected to cost $120 million to complete. The property spans 26 acres and is situated within an Opportunity Zone in the heart of Cape Coral.

Each unit will feature private balconies overlooking the serene lagoon. Curran Young Construction has been selected as the general contractor for this development. Completion is projected for the second quarter of 2025.

Specializing in value-add opportunities, ground-up rental developments, adaptive reuse projects, and residential alternatives across Sun Belt and East Coast regions of the United States; Shoreham focuses on delivering exceptional real estate solutions.

The article titled “JV Breaks Ground on $120M Cape Coral Rental Community” was originally published by Connect CRE.