Chicago-based Golub & Co., Commercial Financial Management, Inc., and Elion Partners secured $200.9 million in construction financing for The Bristol Palm Beach in West Palm Beach, FL. The 25-story, 69-unit luxury waterfront condominium is under development at 1100 S. Flagler Dr., and slated to deliver in fall 2018.
Golub & Co.’s Michael Newman says, “The exclusive location (at the base of the Flagler Memorial Bridge) offers residents unfettered access to everything Palm Beach has to offer, while the building design considers every detail delivering a resident experience unlike anything else in the area.”
BREDS III Loan Holdings, an affiliate of The Blackstone Group, provided the construction financing. HFF’s James Dockerty, Scott Wadler and Marc Roth brokered the loan.
The project, priced from $5 million to $12 million, is reportedly already 70% sold.
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