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Mast Capital, The Spear Group, and Rockpoint Secure $42M in Construction Financing, Break Ground on Apartment Community in Palm Springs, FL
Mast Capital has partnered with Boston-based Rockpoint and The Spear Group to build an 18-acre multifamily development project in Palm Springs, FL after securing $42.5 million in construction financing from Santander Bank.
The development, located at 2085 S. Congress Ave., will consist of 264 upscale, garden-style apartments across 11 residential buildings.
Designed by MSA Architects, the multifamily development will consist of lifestyle-driven amenities including a fitness lawn, outdoor swimming pool, tot lot, dog park, and lake trail that will create an exceptional walkable environment for residents and their visitors. The property will also feature electric vehicle charging stations. Residents will enjoy a clubhouse complete with a high-end club room, fitness studio, co-working space, game room, and smart parcel lockers.
Mast Capital has been expanding its footprint with mixed-use and multifamily projects throughout the state, with acquisitions representing over $3.5 billion in total project capitalization.

