JLL Capital Markets handled the $173.5 million construction financing for the 65-unit Rosewood Residences Lido Key in Sarasota, FL

Rosewood Residences Lido Key,  
Lido Key Beach, Sarasota, FL

 

MIAMI, Nov. 20, 2023 – JLL Capital Markets has arranged $173.5 million in construction financing for Rosewood Residences Lido Key, a 65-unit, ultra-luxury, oceanfront condominium development situated on the Gulf of Mexico beachfront of the exclusive Lido Key Beach in Sarasota, Florida.

 

JLL represented the borrower, The Ronto Group and Wheelock Street Capital, to secure the loan through Bank OZK.

 Steven Klein

With an anticipated completion of Q4 2025, the property will be the first exclusively residential Rosewood branded residences in Florida and will feature luxurious three- and four-bedroom residences, ranging from 3,300 square feet to 5,000 square feet, with a selection of the highest quality designer- and custom-finishes.

 

Each unit is serviced by private elevators and is designed with oversized living rooms, 11-foot ceilings, gourmet kitchens, spacious baths, terraces and private garages.

 

Community amenities will include a fully staffed residents-only beach club with a pool pavilion bar and zero-edge swimming pool; a residents-only bistro cafe, full bar, full dining service and separate main dining area accessible to a third-level pool deck with a second zero-edge swimming pool and spa; a world-class fitness center; a staffed owner’s lounge; a game room lounge; a children’s playroom; a bocce lawn; a 12-seat movie theatre; and an expansive pet park with pet care options.

 Brian Gaswirth

Residents also have access to the highly exclusive Rosewood Reserve program, which offers unparalleled VIP access, services and advantages at Rosewood properties around the world, as well as other Rosewood-exclusive amenities.

 

The property is situated at 930 Benjamin Franklin Dr., directly on Lido Key Beach, and is steps to the historic St. Armands Circle, a shopping district with 138 boutiques, specialty shops, galleries, restaurants and a wide range of annual events. 

 

The JLL Capital Markets Debt Advisory team included Senior Managing Director Steven Klein, Managing Director Brian Gaswirth, Associate Paul Adams and Analyst Shane Ciacci.

Paul Adams

“The Ronto Group and Wheelock Street Capital continue to redefine the pinnacle of luxury along the west coast of Florida by finding irreplaceable development sites,” said Klein. 

“It’s incredible to partner with such a luxurious brand and to build Rosewood’s first exclusively residential-branded property.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization.

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

Shane Ciacci

For more news, videos and research resources on JLL, please visit our newsroom.

 

 CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com 

 

JLL Capital Markets arranges $49.5 million permanent financing for the newly built, 177-apartment Walnut Hill in Clark, NJ

Jackie Ferrer

 

NEW YORK CITY, NY, Nov. 20, 2023 – JLL Capital Markets has arranged the $49.5 million 10-year, fixed-rate financing of Walnut Hill, a newly constructed, luxury multi-housing rental community with 177 apartments located in Clark, New Jersey.

Walnut Hill, a newly constructed, luxury multi-housing rental communitywith 177 apartments
 located in Clark, NJ

 JLL represented the borrower, an affiliate of Garden Communities, and procured the financing from Nationwide.

 

Newly built in 2023, the four-story, two-building, elevatored community features 149 market-rate apartments and 28 affordable residences across over 240,000 square feet.

 

 Evan Pariser

The property offers a highly curated unit mix of one-, two- and three-bedroom designs with private balconies/patios, hardwood floors, stainless steel appliances, granite countertops, designer finishes and full-size washers and dryers.

 

Walnut Hill is also one of the most highly amenitized communities within the submarket, with a fitness center, a resort-style pool, a large clubhouse outfitted with lounges and a game room and more.

The property sits in one of the fastest-growing multi-housing submarkets in Northern New Jersey due to an influx of institutional development and population growth. 

The community is located less than a one-minute drive to Garden State Parkway and offers proximity to the New Jersey Turnpike, Interstate 78 and U.S. Route 22.

 

The property is less than two miles from Cranford Station, which features a connection to New York City’s Penn Station, and alternatively is just 20 minutes west of Lower Manhattan.

Matthew Pizzolato

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Evan Pariser, Managing Director Matthew Pizzolato and Vice President Jackie Ferrer.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

 CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com