Floridays Development Company secured a $41.5 million senior construction loan for the development of Harborside at Sapphire Bay, a 316-unit Class A waterfront apartment community in Rockwall. Colliers’ Jorg Mast, Chris Paul, and Danny Miller assisted the developer in securing the loan.

Harborside marks the second phase of the Sapphire Bay development, complementing its sister property, Surfside, which has been under construction for the past 22 months and is now delivering its first units. With financing now in place, construction of Harborside is well underway.

At 1101 Sapphire Bay Blvd., Harborside at Sapphire Bay is situated in the $1 billion mixed-use Sapphire Bay development. Upon completion, Sapphire Bay will feature:

•  1,500+ residential units
• 1.7 million square feet of mixed-use space, including restaurants, retail, entertainment, office, and hospitality
• 20+ acres of parks and scenic trails
• A 1,000-slip marina, creating a vibrant waterfront lifestyle