Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Florida & Gulf Coast  + South Florida  + Apartments  | 
Aztec Group has arranged $102 million in construction financing sourced from Square Mile Capital to build RIVR Lofts in Ft. Lauderdale, FL.

$102M Construction Loan Kicks Off 29-Story Fort Lauderdale Residential Tower

Aztec Group has arranged $102 million in construction financing sourced from Square Mile Capital for RIVR Lofts in Ft. Lauderdale, FL. The high-rise rental apartment community with 352 residential units will span 29 stories and feature a rooftop pool and amenities, 2,700 square feet of ground floor retail, onsite parking and a resident lounge and bar on the ground floor.

Moderno Development Group assembled the one-acre site in 2018 and obtained entitlements for RIVR Lofts in 2021. The RIVR Lofts project team includes Moss Construction and Robert Mathias of NCC Development.

The property is located at the corner of SW 5th Street and SW 3rd Avenue within

Fort Lauderdale’s Central Business District in the emerging Tarpon River Entertainment and Design District south of New River. 


Inside The Story

Aztech Group

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development
  • ◦Financing