A CIM Group-managed fund has closed a $120-million construction loan to Property Markets Group (PMG) and Raven Capital Management to finance Society Orlando, a 26-story mixed-use multifamily and retail development in Orlando. Located at 434 N. Orange Ave., Society Orlando is currently under construction and anticipated to open in 2023.
Phase one of Society Orlando will feature 462 residential units across a mix of studio, one-, and two-bedroom floor plans, and co-living units, across a mix of two-, three- and four-bedroom floor plans. The building also provides 33,000 square feet of ground floor retail and 502 parking spots.
Residents will have access to more than 100,000 square feet of amenities including a pool deck and outdoor entertainment lounge, a full-service gym and fitness center, and a communal food hall and retail plaza.
The project is designated as a transit-oriented development, given its proximity to the Lynx Central SunRail station.
Source: Connect Florida
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