JLL Arranges $84.2 Million Construction Financing for Nora District in West Palm Beach, Florida

by Hayden Spiess

West Palm Beach, Fla. — JLL Capital Markets has arranged $84.2 million in senior construction financing for the first phase of the Nora District, a mixed-use redevelopment project in West Palm Beach. Bank OZK provided the financing to the borrower, a joint venture between NDT Development, Place Projects, Wheelock Street Capital and BD Hotels. Upon completion, the first phase will feature 150,000 square feet of retail, restaurant and creative office space. Retail tenants at the development will include Van Leeuwen Ice Cream, H&H Bagels, Juliana’s Pizza, Loco Taqueria and Oyster Bar and Del Mar. Future phases of the project will comprise more than 1.7 million square feet of additional mixed-use space. Steven Klein, Brian Gaswirth and Mateo Bolivar of JLL secured the financing on behalf of the borrower. 

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