Forman Capital is providing financing for the development of a new upscale condominium project in Miramar Beach, Florida. The 97-unit Grove at Seascape Resort will be located near Destin in the state’s panhandle region and has received a $38.5 million construction loan from Forman Capital.
The developer, Osborn Investments, plans to build the Grove on an 11-acre site within the popular beach town’s Seascape Resort community. The project will consist of one to four-bedroom luxury condos ranging from 955 to 2,394 square feet. Amenities include a family pool with a lazy river feature, private cabanas and pavilions, walking paths and outdoor workout areas.
Currently presold at nearly 90%, this first phase of high-end condos is just one part of Osborn Investment’s multi-phase development plan for this exclusive community.
