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Florida & Gulf Coast  + South Florida  + Apartments  |  February 23, 2022
Centennial Bank has granted a $41-million loan to LUXCOM to redevelop a vacant retail center in Sunrise, FL into a multifamily apartment community
Lisa McDuffie
By: Lisa McDuffie

Centennial Bank Provides $41M Construction Loan for Multifamily in Sunrise

Centennial Bank has granted a $41-million loan to LUXCOM to redevelop a vacant retail center in Sunrise, FL into a multifamily apartment community.

 LUXCOM/Luxcom Living I LLC plans to build a six building, 235-unit garden-style apartment community on a 9.5 acre-site along Oakland Park Boulevard that formerly housed a BJ’s Wholesale Club. The project is designed to bring an urban feel to a traditionally suburban neighborhood.

The future community will be comprised of one, two, and three-bedroom units ranging from 725 to 1,371 square feet.

Centennial Bank has previously funded LUXCOM projects, including mixed use, multifamily, single-family, and townhome developments such as Pioneer Estates in Royal Palm Beach, FL and Venetian Parc in Kendall, FL.

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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.
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