146 million dollar real estate project in Boca Raton for 2020

The Alina luxury real estate development project in Boca Raton Raton is nearing completion with a construction loan totaling $146 million to build 388 to build 388 apartments.

Deutsche Bank AG assumed the loan originally granted in 2017 and increased it by $91 million to $146 million this year. Hapoalim Bank remains a co-lender on the transaction.

Developer El-Ad National Properties has already opened 121 apartments in March, and apartments in March, and the region's rapid development is pushing it to expand its operations the area is pushing it to expand its operations to accommodate the influx of top executives to Boca Raton. Noam Ziv, executive director of El-Ad National Properties, said the loan will lead them to the completion of the first phase of the project, scheduled for late 2020.

The builder said that more than half of the buyers are local, including dynamic executives living in beachfront condos who now want to move to the who now want to move to the dynamic urban center. urban center.

The Alina project will have over 3,000 square meters of outdoor outdoor facilities including a food court, entertainment area, park, and yoga park, and a yoga area. The project will also feature a clubhouse, a modern fitness center clubhouse, a modern fitness center, a yoga studio, a spa, and a stunning roof top with swimming pool. The development will also offer 4,000 m2 of diverse green spaces.

Boca Raton is a popular city in Palm Beach County, Florida Florida, attracting top executives who take advantage of the high salaries offered by large companies in the area. While the city does not reflect the overall the overall population landscape in Southeast Florida, it is the product of a colossal of the region's modern industries, attracting talent from across the country and from all over the country and the world.