MIAMI, FL – March 7, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $125.65 million in construction financing for the development of Uptown Boca, a mixed-use lifestyle center with residential and retail space in Boca Raton, Florida.

The HFF team worked on behalf of the development team of Giles Capital Group, Rosemurgy Properties and Schmier Property Group in partnership with Wheelock Street Capital to secure the floating-rate construction loan through Jutland Finance Inc.

Uptown Boca will be situated on a 38-acre site at Glades Road and 95th Avenue South in West Boca Raton.  The lifestyle center will encompass 456 Class A luxury apartments and 171,806 square feet of upscale retail space, which will be anchored by Lucky’s Market, Silverspot Cinema, Bolay, Chick-fil-A and BurgerFi, along with a variety of smaller retail and restaurant tenants.  The retail component is expected to deliver in summer 2019 with the residential component available in early 2020.  The property is the last undeveloped parcel located off Glades Road, which is Boca Raton’s main east/west thoroughfare and retail corridor, and also benefits from its proximity to both the East and Boca Town Center office markets, which together consist of more than 330 buildings and nine million square feet.

HFF’s debt placement team representing the developers included managing directors Elliott Throne and Steven Klein along with associate Jesse Wright.

“The sponsorship team includes an experienced institutional equity partner along with the best local developers, which allows them to understand the specific needs of the West Boca Raton community,” said Throne, who is also a Boca Raton resident. “This project will create the first livable destination lifestyle retail center that will provide a sense of place and will serve West Boca the way Mizner Park serves East Boca.”