Rilea Group scores $46M construction loan for Sunrise apartments

Lincoln Property Co. has joined Eden Multifamily and Cypress Equity Investments as a partner to build a 32-story apartment project in downtown Fort Lauderdale.

Dallas-based Lincoln Property Co. will be responsible for the overall development of the 374-unit project at 419 Southeast 2nd Street in the city’s Las Olas district, according to Jay Jacobson, president of Eden Multifamily.

The project is planning to begin construction this month. It was designed by MSA Architects and construction will be led by Coastal Construction of Florida.

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ZOM buys land in Coral Gables, West Palm for senior living projects