Boca Raton, Fla. — HFF has arranged a $125.7 million construction loan for Uptown Boca, a 38-acre mixed-use project in Boca Raton, Florida.
Jutland Finance Inc. provided the floating-rate loan to the development team of Giles Capital Group, Rosemurgy Properties, Schmier Property Group and Wheelock Street Capital. Elliott Throne, Steven Klein and Jesse Wright led HFF’s debt placement team in the transaction. The developers broke ground in October 2018 and said Uptown Boca will comprise 456 residential units, which are expected to deliver in early 2020, and 171,086 square feet of retail space, which is expected to deliver this summer. Retail tenants include Lucky’s Market, Silverspot Cinema, Bolay, Chick-fil-A and BurgerFi. The development will be situated at the corner of Glades Road and 95th Avenue, five miles west of downtown Boca Raton.