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  + Central Florida  + Finance  | 
Madison Realty Capital Loans $340 Million to Build The Ritz-Carlton Residences, Palm Beach Gardens

Madison Realty Capital Loans $340 Million to Build The Ritz-Carlton Residences, Palm Beach Gardens

Catalfumo Companies has secured a $340 million loan from Madison Realty Capital to finance the construction of The Ritz Carlton Residences, Palm Beach Gardens. The marina-front development achieved $75 million in sales within days of the sales gallery launch.

Situated on a sprawling 11-acre site with 850 feet of Intracoastal Waterway frontage, The Ritz-Carlton Residences, Palm Beach Gardens will be known as The Estate Collection and will offer three-, four-, and five-bedroom layouts. The 106 homes range in price from $4 million to more than $8 million.

Douglas Elliman Development Marketing has spearheaded the sales for The Ritz-Carlton Residences, Palm Beach Gardens.

Construction is set to begin in late summer 2023 with completion expected in 2025. 

Daniel Catalfumo represented the company in the transaction directly with Madison Realty Capital.

“We are honored to be working with Madison Realty Capital, which has been unwaveringly supportive,” said Catalfumo, founder of Catalfumo Companies.


Inside The Story

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

  • ◦Development
  • ◦Financing
New call-to-action
New call-to-action