JDL Development and Wanxiang have secured a $160 million construction loan from Argo Real Estate, Bsafal, and Taconic Capital Advisors for their new luxury residential condominium project in Juno Beach, FL. The five-story development will consist of 95 units on a five-acre site at the intersection of 1011 U.S. Highway 1 and Donald Ross Road, just steps away from the beach.
According to Ameesh Argawal of Bsafal, the location in Juno Beach-Jupiter submarket has high demand with limited supply making Caretta an ideal fit for the market.
Caretta is expected to be completed by late 2026.
Founded in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody,Taconic Capital offers various investment strategies including opportunistic credit, merger arbitrage,catalyst-driven equities,and real estate through its co-investment platform.
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