Villas at Tuttle Royale
Update
03/08/23
Developers Break Ground on Villas at Tuttle Royale in Royal Palm Beach
Lynd Breaks Ground On 401-Unit Luxury Apartment Project In Royal Palm
Lynd Development, a division of Texas-based Lynd Group, breaks ground on The Villas at Tuttle Royale, a 401-unit luxury apartment project in Western Palm Beach County. In partnership with Tuttle Land Investments, Lynd has secured a $126 million construction loan from S3 Capital and $21 million in preferred equity from Declaration Partners.
“Not very many deals can stomach the increased construction and finance costs happening in today’s market and still be economically viable,” said Lynd Group CEO A. David Lynd. “This project is moving forward due to the lack of available product in the area. Last quarter, Royal Palm was one of the only submarkets in America to report rent increases and we are excited to deliver an amazing, much needed luxury product to the area.”
Photo - Lynd Development
