Construction Loan of $215 Million Secured for Ritz-Carlton Residences Estero Bay

Developer London Bay has secured a loan of $215 million for the construction The Ritz-Carlton Residences Estero Bay. JLL Capital Markets arranged the financing from Bank OZK. The community will bring 224 residential units in two 22-story towers.  The developers have announced that more than 50% of the units have been sold. Located between Sanibel Island and Naples, the community will overlook Estero Bay.  The residences will include two-, three- and four-bedroom floor plans ranging from 2,628 to 3,885 square feet.  Community amenities will feature three pools, 36,000 square feet of indoor amenities including fitness center, yoga and Pilates studio, steam and sauna.  The indoor area will also feature an 8,000 square foot space with the Sunset Lounge, a private dining room, a sports/news café, wine and whiskey room with temperature-controlled storage.   Residents will also have access to the planned Saltleaf Golf preserve and will be able to walk to the planned Saltleaf Marina. 

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